A Production Function of the Form

question 40

True/False

A production function of the form
exhibits constant returns to scale.

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Definitions:

Fourteenth Amendment

An amendment to the US Constitution that grants citizenship and equal civil and legal rights to all persons, including previously enslaved individuals.

Equal Protection Clause

A provision in the Fourteenth Amendment of the U.S. Constitution requiring states to treat all individuals within its jurisdiction equally under the law.

Fourth Amendment

A provision in the United States Constitution protecting citizens against unreasonable searches and seizures by the government.

Foreign Corporation

A business entity that is registered and operates in a different country from where it was originally incorporated.