Solved

In the Romer Model,the Production Function

Question 37

Multiple Choice

In the Romer model,the production function In the Romer model,the production function   ,where   Is knowledge and   Is the amount of labor in the output sector, A) exhibits constant returns to labor and increasing returns to labor and knowledge. B) exhibits constant returns to labor and increasing returns to knowledge. C) exhibits increasing returns to labor and constant returns to labor and knowledge. D) exhibits decreasing returns to labor and constant returns to labor and knowledge. E) exhibits increasing returns to labor and increasing returns to labor and knowledge.
,where In the Romer model,the production function   ,where   Is knowledge and   Is the amount of labor in the output sector, A) exhibits constant returns to labor and increasing returns to labor and knowledge. B) exhibits constant returns to labor and increasing returns to knowledge. C) exhibits increasing returns to labor and constant returns to labor and knowledge. D) exhibits decreasing returns to labor and constant returns to labor and knowledge. E) exhibits increasing returns to labor and increasing returns to labor and knowledge.
Is knowledge and In the Romer model,the production function   ,where   Is knowledge and   Is the amount of labor in the output sector, A) exhibits constant returns to labor and increasing returns to labor and knowledge. B) exhibits constant returns to labor and increasing returns to knowledge. C) exhibits increasing returns to labor and constant returns to labor and knowledge. D) exhibits decreasing returns to labor and constant returns to labor and knowledge. E) exhibits increasing returns to labor and increasing returns to labor and knowledge.
Is the amount of labor in the output sector,


A) exhibits constant returns to labor and increasing returns to labor and knowledge.
B) exhibits constant returns to labor and increasing returns to knowledge.
C) exhibits increasing returns to labor and constant returns to labor and knowledge.
D) exhibits decreasing returns to labor and constant returns to labor and knowledge.
E) exhibits increasing returns to labor and increasing returns to labor and knowledge.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents