A production function is said to be _____, if, when each input factor is multiplied by apositive real constant k, the constant can be completely factored out:

Question:

A production function is said to be _____, if, when each input factor is multiplied by apositive real constant k, the constant can be completely factored out:

A.

homogenou

B.

nonhomogenous

C.

additive

D.

heterogonous

Answer» a. homogenou

Note: The above multiple-choice question is for all general and Competitive Exams in India