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Which of the following production functions haveconstant returns to scale? (Here, Y = output, K = capital, H = high-skill labor, and L = low-skill
Which of the following production functions haveconstant returns to scale?
(Here,Y= output,K= capital,H= high-skill labor, andL =low-skill labor)
- A.
Y=K(H+L)
- B.
Y=H(K+L)
- C.
Y=K+L+H
- D.
Y=K+H+L
- E.Both A and B
- F.Both B and C
- G.Both A and C
- H.Both B and D
- I.Both A and D
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