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Question 4 (Technology) Determine whether the following production functions have constant returns to scale, decreasing returns to scale, or increasing returns to scale: f(x 1

Question 4 (Technology) Determine whether the following production functions have constant returns to scale, decreasing returns to scale, or increasing returns to scale:

  1. f(x1, x2)= 2x10.6x20.6
  2. f(x1, x2)= x1+min(x1, x2)
  3. f(x1, x2)= x11/2+x2

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