Answer to Question #327135 in Macroeconomics for Alfred Gobusamang Bazilio

Question #327135

Is this production function characterised by constant returns to scale? Demonstrate

1
Expert's answer
2022-04-11T12:09:36-0400

If, when we multiply the amount of every input by the number , the resulting output is multiplied by , then the production function has constant returns to scale (CRTS).


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