Question: A firm produces output using the technology: y = ( 1 / 1 0 0 0 ) * K * L 0 . 5 Group

A firm produces output using the technology:
y=(1/1000)*K*L0.5
Group of answer choices
this technology displays increasing returns to scale.
this technology displays decreasing returns to scale.
this technology displays constant returns to scale.
this technology displays economies of scale.

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