4.3 Under what conditions do the following production functions exhibit decreasing, constant, or increasing returns to scale?

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4.3 Under what conditions do the following production functions exhibit decreasing, constant, or increasing returns to scale? (Hint: See Q&A 5.3.)

a. q = L + 10K

b. q = L + LK + 10K

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Managerial Economics And Strategy

ISBN: 9780135640944

2nd Global Edition

Authors: Jeffrey M. Perloff, James A. Brander

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Question Posted: Oct 08, 2024 06:02 AM

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4.3 Under what conditions do the following production functions exhibit decreasing, constant, or increasing returns to scale?

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Managerial Economics And Strategy

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