Consider the production function $ Y=4 F(L, K, H, N) $. Suppose $ F(10,8,6,5)=100 $ and $ F(30,24,18,15)=300 $.Does the production function have the property of constant returns to scale? Why or why not?

Question

Quizplus · Accepted Answer

The Answer of Consider the production function $ Y=4 F(L, K, H, N) $. Suppose $ F(10,8,6,5)=100 $ and $ F(30,24,18,15)=300 $.Does the production function have the property of constant returns to scale? Why or why not?

Consider the Production Function Y=4F(L,K,H,N) Y=4 F(L, K, H, N) Y=4F(L,K,H,N)

Consider the Production Function $Y=4 F(L, K, H, N)$