Under what conditions do the following production functions exhibit decreasing, constant, or increasing returns to scale? a.
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Under what conditions do the following production functions exhibit decreasing, constant, or increasing returns to scale?
a. \(q=L+K\)
b. \(q=L^{a} K^{b}\)
c. \(q=L+L^{a} K^{b}+K\)
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