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please help me answer this question 1. {4 points) Do the following production functions exhibit increasing, constant, or decreasing returns to scale in K and
please help me answer this question
1. {4 points) Do the following production functions exhibit increasing, constant, or decreasing returns to scale in K and N? Assume z > 0 is a constant and make sure to show your work. Y = zK2/3N2/3 Y = K1/3N1/2 Y = K + N Y = K1/3N2/3 + z 9957'!\
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Managing in a Global Economy Demystifying International Macroeconomics
Authors: John E. Marthinsen
2nd edition
128505542X, 978-1305176157, 1305176154, 978-1285055428
