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Microeconomics

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Moderate

Constant Returns to Scale

MICRO-FXAWEM

Constant returns to scale, simply put, means when you double your inputs, you get exactly double the output. Which of the following equations have constant returns to scale?

Select ALL that apply.

A

$q(L,K) = L + 4K$

B

$q(L,K) = L^0.5K^0.5$

C

$q(L,K) = \frac{L}{K}$

D

$q(L,K) = L^3+K^3$