Author Question: A constant returns to scale production function means that if all inputs are halved then output will ... (Read 61 times)

mrsjacobs44 · **on:** Jun 30, 2018

A constant returns to scale production function means that if all inputs are halved then output will

a. double.
b. increase, but not double.
c. fall by half.
d. fall, but not by half.
e. none of the above.

Question 2

During the Great Depression, the U.S. was not firmly tied to the world economy.

Indicate whether the statement is true or false