1.1. Of the following production functions, which exhibit increasing, constant, or decreasing returns to scale? a. F(K,...
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1.1. Of the following production functions, which exhibit increasing, constant, or decreasing returns to scale?
a. F(K, L) = K2L
b. F(K, L) = 10K + 5L
c. F(K, L) = (KL).5
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