Question

1. Identify the returns to scale for each production function.

a) f(K,L) = (K^1/4)*(L^2/3) 

b) f(K,L) = 3K+2L 

c) f(K,L) = min(3L,4K) 

d) f(K,L) = 2*((K^1/5)*(L^4/5)) 

e) f(K,L) = (2K^2)+L^2