Determine the returns to scale for the following production functions. (a) f(L, K) = L1/3R1/2 (b) f (L, K) = 31 1/2p1/2 (c) f(L, K
Determine the returns to scale for the following production functions. (a) f(L, K) = L1/3R1/2 (b) f (L, K) = 31 1/2p1/2 (c) f(L, K ) = [1/2 + K1/2 (d) f(L, K) = 3L + 2K (@) f(L, K ) = 2 min K 5 1 (f) f ( L, K) = [LP + KP ]
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