Economy, asked by NanduD9194, 1 year ago

What.Is homogeneous and non homogeneous production function?

Answers

Answered by Sweetbuddy

2

HEY BUDDY HERE IS UR ANSWER !!!

》A function which is homogeneous of degree 1 is said to be linearly homogeneous, or to display linear homogeneity.

》 A production function which is homogeneous of degree 1 displays constant returns to scale since a doubling all inputs will lead to a doubling of output.

Hope u like !!

☺ BE BRAINLY ☺

Previous Question

Next Question

Similar questions

Computer Science, 6 months ago

Symbols that specify calculations to be performed _ _ E _ _ _ O_ S Numbers or text that do not change in excel is known as C_ _ _ _ _ N_ Tell the answer according to blanks that will fit in this...

English, 6 months ago

Write a letter to your HM asking my tci?

English, 6 months ago

You are Raman/Ridhi of Mumbai. You bought an expensive wristwatch last week, now you realize that it's not functioning properly. Write a letter to the Manager, Titan Watch Works, Mumbai complaining about it and requesting to repair or replace it immediately.

Accountancy, 1 year ago

When purchase adjusted is given in trial balance than closing stock come in balance sheet or not?

Social Sciences, 1 year ago

What is green revolutionexplainits socialconsequence?

Math, 1 year ago

please solve this.....

English, 1 year ago

hey i am new here...can you please tell me the different features of this app....

Science, 1 year ago

full form of FAD,FMN,NAD,NADP...