Scenario 25-1. An economy's production form takes the form Y = AF(L, K, H, N).
-Refer to Scenario 25-1. If the production function has the constant-returns-to-scale property, then it is possible that the specific form of the production function is
A)Y = 4L + 2K + 3H + N
B)Y = (L + K + H +
N)/4
C)Y =2
D)Y = 4

Question

Scenario 25-1. An economy's production form takes the form Y = AF(L, K, H, N).
-Refer to Scenario 25-1. If the production function has the constant-returns-to-scale property, then it is possible that the specific form of the production function is
A)Y = 4L + 2K + 3H + N 
B)Y = (L + K + H + 
N)/4 
C)Y =2 
D)Y = 4

Quizplus · Accepted Answer

The Answer of Scenario 25-1. An economy's production form takes the form Y = AF(L, K, H, N).
-Refer to Scenario 25-1. If the production function has the constant-returns-to-scale property, then it is possible that the specific form of the production function is
A)Y = 4L + 2K + 3H + N 
B)Y = (L + K + H + 
N)/4 
C)Y =2 
D)Y = 4