Doubling the amount of L and K under constant returns to scale does all of the following except:
A) doubles the output of the L-intensive commodity
B) doubles the output of the K-intensive commodity
C) leaves output unchanged.
D) leaves the shape of the production frontier unchanged
Correct Answer:
Verified
Q8: A proportionately greater increase in the nation's
Q9: Technical progress that increases the productivity of
Q13: Technical progress in the nation's export commodity:
A)may
Q16: If the output of a nations exportable
Q17: When a nation's growth deteriorates its terms
Q20: Doubling L with trade in a large
Q21: What is meant by comparative static analysis?
Q22: What does the Rybczynski theorem postulate?
Q23: How does a change in tastes that
Q24: A shift in a nation's offer curve
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents