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For each of the following production functions, find out whether it has increasing, decreasing or constant return to scale. a. f(L,K) = L1/5K2/5 b. (L,K)

For each of the following production functions, find out whether it has increasing, decreasing or constant return to scale.

a. f(L,K) = L1/5K2/5 b. (L,K) = 3L + K

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