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If the Equation Y = F(K,L) Represents a Constant Returns

Question 28

Multiple Choice

If the equation Y = F(K,L) represents a constant returns to scale production function, then for any positive constant c the following must also hold:

A) Y = F(cK,cL) .
B) cY = cF(K,L) .
C) cY = F(K,cL) .
D) cY = F(cK,cL) .

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