# Question

Do the following production functions have increasing, decreasing, or constant returns to scale? Which ones fail to satisfy the law of diminishing returns?

a. Q = 4K1/2L1/2

b. Q = aK2 = bL2

c. Q = min (aK, bL)

d. Q = 4K + 2L

e. Q = K0.5L0.6

f. Q = K10.3K20.3L0.3

a. Q = 4K1/2L1/2

b. Q = aK2 = bL2

c. Q = min (aK, bL)

d. Q = 4K + 2L

e. Q = K0.5L0.6

f. Q = K10.3K20.3L0.3

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