Question: Q2. Returns to scale. Let the production function be Y = K(EN) (a) What will production and production per capita be if K = 8,

Q2. Returns to scale. Let the production function be Y =

Q2. Returns to scale. Let the production function be Y = K(EN) (a) What will production and production per capita be if K = 8, E = 1 and N = 27? (b) What will production and production per capita be if K = 16, E = 1 and N = 54? (c) Compare the answers and explain

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