If this production technology exhibits constant returns to


Consider the following production function: Q= LX K0.45

If this production technology exhibits Constant Returns to Scale, what must be the value of a?

Solution Preview :

Prepared by a verified Expert
Business Economics: If this production technology exhibits constant returns to
Reference No:- TGS02860134

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)