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For each of the following production functions, check whether they are CRS, IRS, or DRS. In addition, check whether they are monotonic. 1/3 2/3 (a)
For each of the following production functions, check whether they are CRS, IRS, or DRS. In addition, check whether they are monotonic. 1/3 2/3 (a) f(x1, 2) = 21 2 1/3 1/3 (b) f (21, 202) = 21 2 (c) f(21, 22) = 2102
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