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Please decide whether the production function F(K,L)=aKL (a is non-zero number) is DRS, IRS or CRS. A. DRS B. CRS C. IRS D. None of
Please decide whether the production function F(K,L)=aKL (a is non-zero number) is DRS, IRS or CRS.
- A. DRS
- B. CRS
- C. IRS
- D. None of the above
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
