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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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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