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Question No: 03 05 This is a subjective question, hence you have to write your answer in the Text-Field given below. Explain in the following
Question No: 03 05 This is a subjective question, hence you have to write your answer in the Text-Field given below. Explain in the following table whether the production function has constant returns to scale or increasing returns to scale or decreasing returns to scale. [5] Labor Capital Output 1 12 2 2 24 3 3 36 5 60 8 8 96 Options
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