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A Production Function of the Form Y=K2L1aY = K ^ { 2 } L ^ { 1 - a }

question 19

True/False

A production function of the form Y=K2L1aY = K ^ { 2 } L ^ { 1 - a }
exhibits constant returns to scale.


Definitions:

Enzymes

Enzymes are biological catalysts that speed up chemical reactions in living organisms, playing essential roles in various biochemical processes.

Mucosa

The moist, inner lining of some organs and body cavities, such as the nose, mouth, lungs, and stomach, involved in absorption and secretion.

Peristalsis

The rhythmic muscular contractions that move a substance through a tract, such as food through the digestive tract and the ovum through the fallopian tube.

Esophagus

The muscular tube that transports food from the mouth to the stomach by sequential muscle contractions.

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