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The production functionf(L,K)=50K^0.25.L^0.75exhibits negative returns to scale. increasing returns to scale. constant returns to scale. decreasing returns to scale. increasing, then diminishing returns to scale.
The production functionf(L,K)=50K^0.25.L^0.75exhibits
negative returns to scale.
increasing returns to scale.
constant returns to scale.
decreasing returns to scale.
increasing, then diminishing returns to scale.
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Public Relations
Authors: Tom Kelleher
1st Edition
0190201479, 9780190201470
