Match List-I with List-II
|
List-I |
List-II |
|
(A) Production function |
(I) ${X_1}^α {X_2}^β$ |
|
(B) Constant return to scale |
(II) $α + β = 1$ |
|
(C) Increasing return to scale |
(III) $α + β <1$ |
|
(D) Decreasing return to scale |
(IV) $α + β> 1$ |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (A)-(I), (B)-(II), (C)-(IV), (D)-(III)
|
List-I |
List-II |
|
(A) Production function |
(I) ${X_1}^α {X_2}^β$ |
|
(B) Constant return to scale |
(II) $α + β = 1$ |
|
(C) Increasing return to scale |
(IV) $α + β> 1$ |
|
(D) Decreasing return to scale |
(III) $α + β <1$ |
Choose the correct answer from the options given below: