milliecallon2574 milliecallon2574
  • 26-08-2020
  • Business
contestada

Which of the following production functions exhibit constant returns to scale?I. Q=6−q^4II. Q=2K+LIII. Q=K^0.8 L^0.2

Respuesta :

Chimara
Chimara Chimara
  • 27-08-2020

Answer:

Option 3

Explanation:

This is because the sum of the powers of both labour (L) and capital (K) equals 1

0.8 + 0.2 = 1

Answer Link

Otras preguntas

what factors led to urbanization in medieval europe?
what is the number of hours from wednesday 10:30 p.m to friday 07:30 a.m? a) 9 b) 21 c) 29 d) 33 e) 45
What was the MOST important food for the Eastern Woodland Indians?
Explain how antimony is useful for humans. What is it used for?
What is the solution to the following system of equations? y = −x2 − 5x − 4 y = −x2 + 9x − 18
what will happen if you mix baking soda ,soda and orange juce
true or false? postulates are accepted as true without proof. a. true b. false
a waterwheel is an example of:
640, 160, 40, 10, ... Which correctly describe the graph of the geometric sequence? Check all that apply. The graph will show exponential growth. The graph w
which of these shows the multiples of 2? a. 2, 8, 10, 12, 14… b. 1, 3, 5, 7, 9… c. 2, 4, 6, 8, 10… d. 1, 2, 3, 4, 5, 6…