Question: With the production function Y t = A t K t 1 3 L t 2 3 , if we double q , we have

With the production function Yt=AtKt13Lt23, if we double q, we have a constant returns production.
Select one:
a. capital
b. capital and the stock of ideas
c. labor and the stock of ideas
d. capital, labor, and the stock of ideas
e. capital and labor
With the production function Y t = A t K t 1 3 L

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!