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Does the following production function exhibit increasing, decreasing, or constant returns to scale? Show your work. F(K,L) = 2K^(1/2) L Does the following production function
Does the following production function exhibit increasing, decreasing, or constant returns to scale? Show your work.
F(K,L) = 2K^(1/2) L
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
