If the production function Y F K L has then-09260
If the production function Y = F(K, L) has __________ then __________
This multiple choice question (MCQ) is related to the book/course
vu eco403 Macroeconomics.
It can also be found in
vu eco403 Final Term - Quiz No.10.
If the production function Y = F(K, L) has __________ then __________
Constant returns to scale; F(zK, zL) = zY
Increasing returns to scale; F(zK, zL) = zY
Constant returns to scale; F(Y/L, zL) = zY.
Decreasing returns to scale; F(zK, zL) = y
