y= l^0.5 + k^0.5 is a production function that exhibits a/an? a. increasing returns to scale b. decreasing returns to scale c. constant returns to scale d. none of the above
y= l^0.5 + k^0.5 is a production function that exhibits a/an? a. increasing returns to scale b. decreasing returns to scale c. constant returns to scale d. none of the above
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter7: Production Economics
Section: Chapter Questions
Problem 1.5CE
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Question
y= l^0.5 + k^0.5 is a production function that exhibits a/an?
a. increasing returns to scale
b. decreasing returns to scale
c. constant returns to scale
d. none of the above
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