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Constant returns to scale means that, given any constant x > 0, Question 8 options: a) None of the below b)xY=z(1/x)F(x 2 K,x 2 N
Constant returns to scale means that, given any constant x > 0,
Question 8 options:
a)
None of the below
b)xY=z(1/x)F(x2 K,x2Nd)
c)xY=zxF(xK,xNd)
d)Y=zF(xK,xN^d)
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