The Production Function F(x, Y)= X +Y Has Constant Returns

question 41

True/False

The production function f(x, y)= x +y has constant returns to scale.

---

Definitions:

Bill Of Lading

A bill of lading is a legal document issued by a carrier to a shipper, detailing the type, quantity, and destination of the goods being transported.

Storage Warehouse

A large building used for storing goods in a secure and organized manner.

Roof Tiles

Specially designed pieces, typically made of clay, concrete, metal, or synthetic materials, used to cover roofs.

Destination Contract

A contract specifying that the seller will bear the risk and the cost of delivering goods to a specific location.