Question: Question 2 9 Suppose the production function for a country is Y = F ( K , L ) Y = F ( K ,
Question
Suppose the production function for a country is YFKLY FK LYFKL In this equation, constant returns to scale means that if we multiply the function by a factor zzz the new equation is:
zFKLzFK LzFKL
FKLzFK L zFKLz
zFzKzLzFzK zLzFzKzL
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