We can express the per-worker production function as a function of only per-worker capital thanks to

Name: We can express the per-worker production function as a function of only per-worker capital thanks to
Brand: Quizplus
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Quizplus · Accepted Answer

The constant returns to scale imply that if all inputs are increased by a certain proportion, output will increase by the same proportion. This allows us to express the production function in terms of per-worker capital, as it simplifies the relationship between inputs and output.

We Can Express the Per-Worker Production Function as a Function