Consider the production function f(x 1 , x 2 ) 4x 1 1 2 x 2 1 3 Does this exhibit constant, increasing, or decreasing returns to scale ...

Consider the production function f(x 1 , x 2 ) = 4x 1 1/2 x 2 1/3

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Consider the production function f(x₁, x₂) = 4x₁^1/2x₂^1/3. Does this exhibit constant, increasing, or decreasing returns to scale?

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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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Question Posted: Feb 25, 2019 06:20 AM

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Consider the production function f(x 1 , x 2 ) = 4x 1 1/2 x 2 1/3

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Intermediate Microeconomics

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