If the production function is f(x,y)=min{2x+y,x+2y}.then there are constant return to scale.True or false?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Posted Date: May 26, 2020 11:37 AM

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If the production function is f(x,y)=min{2x+y,x+2y}.then there are constant return to scale.True or false?

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True Because due to the fact that if we double th... View the full answer

Macroeconomics

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