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Which of the Following Production Functions Exhibit Constant Returns to Scale

Question 47

Multiple Choice

Which of the following production functions exhibit constant returns to scale? In each case y is output and K and L are inputs. (1) y = Which of the following production functions exhibit constant returns to scale? In each case y is output and K and L are inputs. (1) y = . (2) y = 3 . (3) y = . (4) y = 2K + 3L. A) 1, 2, and 4 B) 2, 3, and 4 C) 1, 3, and 4 D) 2 and 3 E) 2 and 4 . (2) y = 3 Which of the following production functions exhibit constant returns to scale? In each case y is output and K and L are inputs. (1) y = . (2) y = 3 . (3) y = . (4) y = 2K + 3L. A) 1, 2, and 4 B) 2, 3, and 4 C) 1, 3, and 4 D) 2 and 3 E) 2 and 4 . (3) y = Which of the following production functions exhibit constant returns to scale? In each case y is output and K and L are inputs. (1) y = . (2) y = 3 . (3) y = . (4) y = 2K + 3L. A) 1, 2, and 4 B) 2, 3, and 4 C) 1, 3, and 4 D) 2 and 3 E) 2 and 4 . (4) y = 2K + 3L.


A) 1, 2, and 4
B) 2, 3, and 4
C) 1, 3, and 4
D) 2 and 3
E) 2 and 4

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