Question: 3. Determine whether the following production functions show constant, increasing, or decreasing returns to scale: i. Q = L 0.60 K 0.40 ii. Q =

3. Determine whether the following production functions show constant, increasing, or decreasing returns to scale: i. Q = L 0.60 K 0.40 ii. Q = 5K 0.5 L 0.3 iii. Q = 4L + 2K. SELECT COLEGE POST GRADUA...

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