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A firm uses 3 factors to produce its output. Its production function isF(x,y,z)=min{2x,y,2z}. If the amount of each input is multiplied by 4, its output
A firm uses 3 factors to produce its output. Its production function isF(x,y,z)=min{2x,y,2z}. If the amount of each input is multiplied by 4, its output will be multiplied by
a.4
b.The answer depends on the original values ofx,y,andz.
c.6
d.0.3
e.3
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