Question: The production function is given by: F(L,K)=LK . Then, this function exhibits: Multiple Choice increasing MPL, increasing MPK and increasing returns to scale increasing MPL,
The production function is given by: F(L,K)=LK . Then, this function exhibits: Multiple Choice increasing MPL, increasing MPK and increasing returns to scale increasing MPL, increasing MPK and constant returns to scale constant MPL, constant MPK and constant returns to scale None of the above
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