Which of the following production functions exhibits constant returns to scale?
A) $Y = K ^ { a } L ^ { 1 - a }$
B) $Y = K ^ { 1 / 3 } L ^ { 2 / 3 }$
C) $Y = K ^ { 0.1 } L ^ { 09 }$
D) $Y = K ^ { 1 / 4 } L ^ { 3 / 4 }$
E) All of these answers are correct.

Question

Quizplus · Accepted Answer

All the given production functions exhibit constant returns to scale because the sum of the exponents of K and L in each function equals 1.

Which of the Following Production Functions Exhibits Constant Returns to Scale