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Do the following functions exhibit increasing, constant, or decreasing returns to scale? Explain answers, please a) q = 26L + K B) (2L + 2K)
Do the following functions exhibit increasing, constant, or decreasing returns to scale?
Explain answers, please
a) q = 26L + K
B) (2L + 2K) ^0.5
C) q = 0.5L^3 K
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