Question: Assume that the production function is given by: TPP =36K 1/3 L 1/2 R 1/4 where R is the quantity of a particular raw material

Assume that the production function is given by:

            TPP =36K1/3L1/2R1/4

where R is the quantity of a particular raw material used.

(a) Are there constant, increasing or decreasing returns to scale?

(b) What is the marginal productivity of the raw material if K = 8, L = 16 and R = 81?

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