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→Examples of functions displaying constant returns to scale: clean up & uniformity
*:The variables have the interpretation of Y as output, L as labour, K as capital, and A is multifactor productivity. In general, empirical studies have shown that the [[United States]] economy has approximately <math>\alpha = 0.33</math>.
*:The variables have the interpretation of Y as output, L as labour, K as capital, and A is multifactor productivity. In general, empirical studies have shown that the [[United States]] economy has approximately <math>\alpha = 0.33</math>.
[[category:economics]]
[[Category:Economics]]