Based on the notations and assumptions used in class, which of the following is/are TRE regarding the production function y=k, where 0 < a <1? (1) It is expressed in per capita form. (ii) The function exhibits constant returns to scale. (iii) Production per worker depends on the amount of capital per worker. O a. (i), (ii), and (iii) O b. Only (1) O c. Only (iii) Od. Only (ii)
Based on the notations and assumptions used in class, which of the following is/are TRE regarding the production function y=k, where 0 < a <1? (1) It is expressed in per capita form. (ii) The function exhibits constant returns to scale. (iii) Production per worker depends on the amount of capital per worker. O a. (i), (ii), and (iii) O b. Only (1) O c. Only (iii) Od. Only (ii)
Chapter9: Production Functions
Section: Chapter Questions
Problem 9.8P
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