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Please see attachment and type out the correct answer ASAP with proper explanation. 1. Which of the following production functions is an increasing, decreasing, or

Please see attachment and type out the correct answer ASAP with proper explanation.

1. Which of the following production functions is an increasing, decreasing, or constant return to scale? Please explain. 1. Y = K +L 2. Y = K5L0.7 3. Y = K2+ L0.5 Answer: No returns to scale

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