Haskel and Sadun (2012) estimated the production function for U.K. supermarkets is Q = L 0.23 K

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Haskel and Sadun (2012) estimated the production function for U.K. supermarkets is Q = L^0.23K^0.10M^0.66, where L is labor, K is capital, and M is materials. What kind of returns to scale do these production functions exhibit?

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Microeconomics Theory And Applications With Calculus

ISBN: 978-0134167381

4th Edition

Authors: Jeffrey M. Perloff

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Question Posted: Jul 11, 2018 07:05 AM

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Haskel and Sadun (2012) estimated the production function for U.K. supermarkets is Q = L 0.23 K

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Microeconomics Theory And Applications With Calculus

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