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1. Sketch to show and identify the type of production function below, stating how many inputs are needed to produce one output: Y (K, L)

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1. Sketch to show and identify the type of production function below, stating how many inputs are needed to produce one output: Y (K, L) - min(,2) 2. Find out the returns to scale and prove the Euler's theorem for the production function: KL3 Q (K, L) = LK2 + KL2 + K

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