Question: Consider the production function Q(L, K) = (1.2 + K1'2)2/3, where L denotes labor and K denotes capital. This production function exhibits a. constant returns


Consider the production function Q(L, K) = (1.\"2 + K1'2)2/3, where L denotes labor and K denotes capital. This production function exhibits a. constant returns to scale. b. decreasing returns to scale. c. increasing returns to scale
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