To Get Increasing Returns to Scale Using the Production Function $Y _ { t } = A _ { t } K _ { t } ^ { 1 / 3 } L _ { t } ^ { 2 / 3 }$

question 13

Multiple Choice

To get increasing returns to scale using the production function $Y _ { t } = A _ { t } K _ { t } ^ { 1 / 3 } L _ { t } ^ { 2 / 3 }$ , we need to replace total factor productivity with:

• A) more capital
• B) the flow of ideas, A_t
• C) the stock of ideas, A_t
• D) the number 2
• E) twice the factor productivity, \(2 \times \bar { A }\)

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