Question: Consider the production function F (K, N) - KN. Which statement is correct? The production function exhibits Constant Returns to Scale The production function exhibits

Consider the production function F (K, N) - KN. Which statement is correct? The production function exhibits Constant Returns to Scale The production function exhibits Increasing Returns to Scale The production function exhibits Decreasing Returns to Scale Whether the production function exhibits Constant, Increasing or Decreasing Returns to Scale depends on the values of K and N

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