Answered: y= l^0.5 + k^0.5 is a production…

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

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 15SQ

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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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