Question: 11. What might explain why TFP differs so much across countries? 12. Do the following production functions exabits increasing, decreasing or constant return to scale

12. Do the following production functions exabits increasing, decreasing or constant return

11. What might explain why TFP differs so much across countries? 12. Do the following production functions exabits increasing, decreasing or constant return to scale in and L (based on returns to scale in production). a) y = kz L2 2 b) y = k3 L3 1 1 c) y = k Lz d) y = k+L

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