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13 Jan 2018
For each of the following functions, describe returns to scale.
A. Q = K + L
B. Q = K1/2L3/4
C. Q = K2L
Function (enter A, B, or C) exhibits increasing returns to scale.
Function (enter A, B, or C) exhibits constant returns to scale.
Function (enter A, B, or C) exhibits decreasing returns to scale.
For each of the following functions, describe returns to scale.
A. Q = K + L
B. Q = K1/2L3/4
C. Q = K2L
Function (enter A, B, or C) exhibits increasing returns to scale.
Function (enter A, B, or C) exhibits constant returns to scale.
Function (enter A, B, or C) exhibits decreasing returns to scale.
akunuru639Lv10
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