Which of the following is true for the Clark-Wicksteed-Walras product exhaustion theorem

A. The assumption of a homogeneous production function is necessary.

B. It is an identity that holds for all values of the variables.

C. The assumption of a homogeneous production function is not necessary.

D. It is not an identity since it holds only for the values of the variables in the long-run equilibrium.

E. It holds for all types of production functions.

Choose the correct answer from the option given below:

1
A and B only
2
A and D only 
3
B, C and E only
4
C, D and E only

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