Question
Suppose that firms face the following production function: Q = [L^(1/3) + K^(1/3)]^3. The production function exhibits: a) increasing returns to scale b)decreasing returns to
Suppose that firms face the following production function: Q = [L^(1/3) + K^(1/3)]^3. The production function exhibits:
a) increasing returns to scale
b)decreasing returns to scale
c)returns to scale information cannot be obtained
d)constant returns to scale
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The Great Divide Unequal Societies And What We Can Do About Them
Authors: Joseph E Stiglitz
1st Edition
0393352188, 9780393352184
