Question
How shall I think about a question of production function is q=f(K,L)=K0.3 + 2KL0.3, and where the question is, if the function increasing return to
How shall I think about a question of production function is q=f(K,L)=K0.3 + 2KL0.3, and where the question is, if the function increasing return to scale, decreasing or constant return to scale?
0.3 above means that is raised to 0.3
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Price Theory and Applications
Authors: Steven Landsburg
9th edition
1285423526, 978-1285947877, 1285947878, 978-1285423524
