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Home Q & A Board Other Fields Homework Help Business Economics
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Munze Munze
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7 years ago
In the production function Y = f(K, NA), for a given state of technology, constant returns to scale implies that output (Y) will increase by 7% when
A) K or NA increase by 7%.
B) K and N increase by 7%.
C) N or A increase by 7%.
D) N and A increase by 7%.
E) all of the above
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
Authors:
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Macroeconomics, 6/E (Blanchard, Johnson)
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legendvpnlegendvpn
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7 years ago
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Munze Author
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7 years ago
Helped a lot
ethom947
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Brilliant ツ
jaray75
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You make an excellent tutor!
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