haileyvaldiviez5718 haileyvaldiviez5718
  • 13-05-2023
  • Mathematics
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State whether the following production functions exhibit decreasing returns to scale, increasing returns to scale, or constant returns to scale, briefly explain: a. Q = K/(L)^2. b. Q = 4K + 2L. c. Q = AK^aL^b(a + b=l). d. Q = A K^aL^b (a + b < 1).

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