The Production Function of the Form $Y = K ^ { 1 / 2 } L ^ { 1 / 2 }$

question 104

True/False

The production function of the form $Y = K ^ { 1 / 2 } L ^ { 1 / 2 }$
exhibits constant returns to scale.

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Definitions:

Steroids

Organic compounds with a characteristic molecular structure containing four rings of carbon atoms; includes some hormones and vitamins.

Organic Compounds

Chemical compounds containing carbon atoms bonded to hydrogen atoms, often along with other elements, which are the basis of all life on Earth.

Miller and Urey

Scientists known for their experiment simulating early Earth conditions, demonstrating the possible origins of organic compounds.

Electrode

A conductor through which electricity enters or leaves an object, substance, or region, used especially in energy storage and transfer.