Question: Do the following production functions exhibit decreasing, constant, or increasing returns to scale? [ 3 Points each ] ( a ) Q = 0 .

Do the following production functions exhibit decreasing, constant, or increasing returns to scale? [3
Points each]
(a) Q =0.5KL (d) Q = max(3K,2L)
(b) Q =2K +3L (e) Q =2K 1/4 L
(c) Q = L + L1/2 K 1/2+ K

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