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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

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

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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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