1. Which of the following production functions has constant returns to scale? a. Y = K +...

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1. Which of the following production functions has constant returns to scale?

a. Y = K + L

b. Y = K2 + L

c. Y = K2L

d. Y = K1/3L1/3

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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