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Solve part a and b, by answering 1. Whether the production function is/is not homogenous 2. What is the degree of homogeneity of the production

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Solve part a and b, by answering

1. Whether the production function is/is not homogenous

2. What is the degree of homogeneity of the production function

3. Whether the function displays constant, decreasing, or increasing returns to scale

a)

image text in transcribedimage text in transcribed
Is the following production function homogeneous? If so. nd the degree of homogeneity and comment on the returns to scale. Q = 6L + K This production function l:| homogeneous. What is the degree of homogeneity ? D This function displays |:| returns to scale. Is the following production function homogeneous? If so, find the degree of homogeneity and comment on the returns to scale. Q = 8K5 L2 This production function homogeneous. What is the degree of homogeneity of the production function? This function displays returns to scale

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