In the Production Function Y = F(K,NA),for a Given State

question 10

Multiple Choice

In the production function Y = f(K,NA) ,for a given state of technology,constant returns to scale implies that output (Y) will increase by 7% when

• A)K or NA increase by 7%.
• B)K and N increase by 7%.
• C)N or A increase by 7%.
• D)N and A increase by 7%.
• E) all of the above

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