Assuming constant returns to scale, the equation, Y = A(t)F(K,N) can b
Assuming constant returns to scale, the equation, Y = A(t)F(K,N) can be rewritten as
a. Y/N = A(t)ƒ(K/N).
b. q = A(t)ƒ(k).
c. Y/N = A(t)ƒ(K N).
d. Both a and b
e. Both b and c
ANSWER
D
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