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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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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