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Determine whether the following production functions have increasing, decreasing, or constant returns to scale: (a) q = L^0.5K^0.5 (b) q = L^2K^3
Determine whether the following production functions have increasing, decreasing, or constant returns to scale: (a) q = L^0.5K^0.5 (b) q = L^2K^3
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International Economics
Authors: James Gerber
7th edition
134472098, 134523873, 978-0134472096
