Problem
Jason has a boat-building firm. It uses labor L, capital K, and materials M, to build its boats. Its production function is Q = F(L, K, M) = ALaKbMg. For what values of a, β, and g does Jason's technology have constant returns to scale? Increasing returns to scale? Decreasing returns to scale?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.