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answer
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29 Sep 2019
Suppose the production function illustrated with the information in the table below: This production function exhibits ____________ returns to scale. Please fill in the blank based on the chart below. Thanks.
K=1
K=2
K=3
L=1
50
70
80
L=2
70
100
120
L=3
80
120
150
Suppose the production function illustrated with the information in the table below: This production function exhibits ____________ returns to scale. Please fill in the blank based on the chart below. Thanks.
K=1 | K=2 | K=3 | |
L=1 | 50 | 70 | 80 |
L=2 | 70 | 100 | 120 |
L=3 | 80 | 120 | 150 |
Kristelle BalandoLv10
29 Sep 2019