Question: OUCI EXERCISES * 1. Returns to scale in production: Do the following production functions echip;, increasing, constant, or decreasing returns to scale in K and

OUCI EXERCISES * 1. Returns to scale in production: Do the following production functions echip;, increasing, constant, or decreasing returns to scale in K and L? (Assume is some fixed positive number.) (a) Y = K1/21 1/2 (b) Y = K213 1 213 (c) Y = K1/31 1/2 (d) Y = K+L (e) Y = K+ K1/31 1/3 (f) Y = K1/312/3 + A (g) Y = K1/31213 - A emmasione. Write each production

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