If Output Is Described by the Production Function Y =

question 104

Multiple Choice

If output is described by the production function Y = AK ^0.2L^0.8, then the production function has:

• A) constant returns to scale.
• B) diminishing returns to scale.
• C) increasing returns to scale.
• D) a degree of returns to scale that cannot be determined from the information given.

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Podcasting Process

The series of steps involved in creating, producing, and distributing a podcast, from planning content to publishing episodes.

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