Consider a labor demand function given by Nd. According to standard classical, what are the returns...

Question

Question

). According to standard Csnsider a labor demand function given by Nd = ao - 91 classical what are the returns to scale? A. C

Consider a labor demand function given by Nd. According to standard classical, what are the returns to scale?

Answer 1

Answer #1

Answer is option A)

for all 21, No Caw,ap) = 60 - di que = xox (W) = 2Nd (wip , hence CRS

Answer 2

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