Question: nothing is missing, the question is correct. i tried working it out but i am not sure since i am coming up with different values
- nothing is missing, the question is correct. i tried working it out but i am not sure since i am coming up with different values

2d. Assume that Huawei's production function is given by q = 1.618K-4L". Suppose that Huawei increased both capital and labour by [3%. Select a value for d between [0.1- 0.7] and a value forB between [25 - 49] such that each student would have a different answer. i) Calculate the percentage increase in quantity produced. ii) State the type of return to scale
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
