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pls provide detailed answer thanks 1. Explain whether the following production functions satisfy CRS and DMP a. F(K,L) = 0.5K2L2 b. F(K,L) = (2/3) K2/31

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pls provide detailed answer thanks

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1. Explain whether the following production functions satisfy CRS and DMP a. F(K,L) = 0.5K2L2 b. F(K,L) = (2/3) K2/31 2/3 c. F(K,L) = KO.2L0.8 d. F(K,L) = K' .210.8 e. F(K,L) = K0.2 + LO.8

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