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Define each firm's returns to scale: 1. Q=K0.8L0.4 2. Q=min{2K,L}

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Define each firm's returns to scale: 1. Q=K0.8L0.4 2. Q=min{2K,L}

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Question

Define each firm's returns to scale: 1. Q=K0.8L0.4 2. Q=min{2K,L}

Answered: 1 week ago