Determine the returns to scale that is briefly show whether
Determine the returns to scale, that is, briefly show whether the following productions exhibit DRS, CRS or IRS.
(a) f(L, K) = L^0.5 K^0.5
(b) f(L, K) = L^0.5 + K^0.5
(c) f(L, K) = L + K
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1 fitzgerald oil and gas incurred costs of 825 million for the acquisition and development of a natural gas deposit the
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suppose the production function for t-shirts can be represented as q l025 k075 when k 1 and q 2 what is the slope of
determine the returns to scale that is briefly show whether the following productions exhibit drs crs or irsa fl k l05
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