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Foreach of the following production functions, determine whether it exhibits increasing, constant or decreasing returns to scale: a) Q = 2K + 4L b) Q

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

a) Q = 2K + 4L

b) Q = 2L + L/K

c) Q = Min(K,3L)

d) Q = L*K

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