Consider the production function Y=2F(L,K,H,N). Suppose F(12, 10, 9, 7) = 100 and F(24, 20, 18, 14) = 180. Does the production function have the property of constant returns to scale? Why or why not?

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The Answer of Consider the production function Y=2F(L,K,H,N). Suppose F(12, 10, 9, 7) = 100 and F(24, 20, 18, 14) = 180. Does the production function have the property of constant returns to scale? Why or why not?

Consider the Production Function Y=2F(L,K,H,N)