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Q4. Consider the following Cobb-Douglas production function: Y = z K^ N^ . State the definition of constant returns to scale. What condition on and
Q4. Consider the following Cobb-Douglas production function: Y = z K^ N^ .
State the definition of constant returns to scale. What condition on and should be satisfied for the production to be CRS?
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International Economics
Authors: James Gerber
7th edition
134472098, 134523873, 978-0134472096
