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Foreach of the following production functions, determine whether it exhibits increasing, constant or decreasing returns to scale: a) Q = K + L b) Q

Foreach of the following production functions, determine whether it exhibits increasing, constant or decreasing returns to scale:

a) Q = K + L

b) Q = L + L/K

c) Q = Min(2K,2L)

d) Q = (L.5)(K.5)

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