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A firm has a cobb-douglus function technology with f(K,L= 2K-1/3L2/3, where K is capital and L labour used in the production. This production fucntion exhibits...

A firm has a cobb-douglus function technology with f(K,L= 2K*-1/3L*2/3, where K is capital and L labour used in the production. This production fucntion exhibits...

(a) diseconomies of scale

(b) economies of scale

(c)constant returns to scale

(d) none of these choices

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