Question
What is the correct answer? The production function y= 50(K^1/2 + L^1/2) a. increasing returns to scale. b. decreasing returns to scale. c. constant returns
What is the correct answer?
The production function y= 50(K^1/2 + L^1/2)
a. increasing returns to scale.
b. decreasing returns to scale.
c. constant returns to scale.
d. increasing,then decreasing returns to scale.
e. negative returns to scale
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Essentials Of Business Law
Authors: Jeffrey F Beatty, Susan S Samuelson
3rd Edition
0324537123, 9780324537123
