The firm Electrika produces electric cars using a technology that can be represented by the following production function where A > 0. q = AK ³ L³ Which of the following statements is true? (6 points) (a) The production function exhibits constant returns to scale (b) The production function exhibits decreasing returns to scale (c) The production function exhibits increasing returns to scale (d) None of the above

The firm Electrika produces electric cars using a technology that can be represented by the following production function where A > 0. q = AK ³ L³ Which of the following statements is true? (6 points) (a) The production function exhibits constant returns to scale (b) The production function exhibits decreasing returns to scale (c) The production function exhibits increasing returns to scale (d) None of the above

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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