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28 Sep 2019
Determine whether the following production functions exhibit constant, increasing, or decreasing returns to scale.
A. Q=0.5X +2Y+ 40Z
B. Q= 3L + 10K+ 500
C. Q= 4A +6B +8AB
D. Q= 7L^2 +5LK+2K^2
E. Q= 10L^0.5 K^0.3
Determine whether the following production functions exhibit constant, increasing, or decreasing returns to scale.
A. Q=0.5X +2Y+ 40Z
B. Q= 3L + 10K+ 500
C. Q= 4A +6B +8AB
D. Q= 7L^2 +5LK+2K^2
E. Q= 10L^0.5 K^0.3
Insha FatimaLv10
28 Sep 2019
