Question
B. Quantitative Analysis 1.Problem: Returns to Scale Estimation. Determine whether the following production functions exhibit constant, increasing, or decreasing returns to scale. a).Q = 0.6L
B. Quantitative Analysis
1.Problem: "Returns to Scale Estimation."
Determine whether the following production functions exhibit constant, increasing,
or decreasing returns to scale.
a).Q = 0.6L + 20K +10F
b).Q = 2L2+ 3LK + 5K2
c).Q = 20L0.25K0.74
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Economics of Managerial Decisions
Authors: Roger Blair, Mark Rush
1st edition
134166167, 978-0134166162, 9780134140773 , 978-0133548235
