Discuss if the production functions below are neoclassical. That is, show whether they satisfy the as- sumptions discussed in class of (1) Increasing in both capital and labor, (2) constant returns to scale, (3) diminishing marginal products of capital and labor, and (4) the Inada conditions. 1. Y = AKL1where A is a constant. Do you have to make any assumptions about ? 2. Y = AK + BL, where A and B are constants 3. Y = min{AK,BL} where A and B are constants.