What can you say about the returns to scale of the linear production function Q = aK

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What can you say about the returns to scale of the linear production function Q = aK + bL, where a and b are positive constants?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 04:52 AM

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What can you say about the returns to scale of the linear production function Q = aK

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If we were to scale up all inputs by a ...View the full answer

Microeconomics

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