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Consider a production function Q = (K0.5 + L0.5 ) 2 . Does this production function exhibit increasing, decreasing, or constant returns to scale?
Consider a production function Q = (K0.5 + L0.5 ) 2 . Does this production function exhibit increasing, decreasing, or constant returns to scale?
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Economics Today The Macro View
Authors: Roger LeRoy Miller
19th Edition
0134478762, 978-0134478760
