Author Question: Assuming constant returns to scale, the equation, Y = A(t)F(K,N) can be rewritten as a. Y/N = ... (Read 55 times)

elizabeth18 · **on:** Jun 30, 2018

Assuming constant returns to scale, the equation, Y = A(t)F(K,N) can be rewritten as

a. Y/N = A(t)(K/N).
b. q = A(t)(k).
c. Y/N = A(t)(K N).
d. Both a and b
e. Both b and c

Question 2

What did automobiles and government subsidized highways increase the net benefits of?

(a) Investing privately in highway development
(b) Rapid expansion of new cities and towns and revitalization
in old cities and towns
(c) Development of suburban and exurban areas
(d) All of the above