Do the following production functions exhibit increasing, constant, or decreasing returns to scale in K and L (Assume is some fixed positive number ) (a) Y K1 2L1 2 (b) Y K2 3L2 3 (c) Y K1 3L1 2 (d) Y K L (e) Y K K1 3L1 3 (f) Y K1 3L2 3 (g) Y K1 3L2 3 ...

a Constant b Increasing c Increasing d Constant e Decrea ...

Do the following production functions exhibit increasing, constant, or decreasing returns to scale in K and L?

Question:

Do the following production functions exhibit increasing, constant, or decreasing returns to scale in K and L? (Assume Ā is some fixed positive number.)
(a) Y = K1/2L1/2
(b) Y = K2/3L2/3
(c) Y = K1/3L1/2
(d) Y = K + L
(e) Y = K + K1/3L1/3
(f) Y = K1/3L2/3 + Ā
(g) Y = K1/3L2/3 - Ā