Question

In: Economics

Show whether the following production functions exhibit increasing, constant, or decreasing returns to scale. a. Q...

Show whether the following production functions exhibit increasing, constant, or decreasing returns to scale.

a. Q = 2L + 3K

b.   Q = L + 5K + 10

c.  Q = min (2*L, K)

d.   Q = 10*K*L

e.  Q = L2 + K2

f.   Q = K.5*L.5/2 + 10

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