Question: Question No: 03 This is a subjective question, hence you have to write your answer in the Text-Field given below. Explain in the following table

Question No: 03 This is a subjective question, hence you have

Question No: 03 This is a subjective question, hence you have to write your answer in the Text-Field given below. Explain in the following table whether the production function has constant returns to scale or increasing returns to scale or decreasing returns to scale. [5] Labor Capital Output 1 1 12 2 2 24 3 3 36 5 5 60 8 8 96

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1. Empirical or factual information,

1. To take in the necessary information,

7. Find four examples that illustrate the statement: Beyond a certain point, open-ness regarding information and communication can become detrimental to relationships.