What can you say about the returns to scale of the Leontief production function Q = min

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What can you say about the returns to scale of the Leontief production function Q = min (aK, bL), where a and b are positive constants?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 04:52 AM

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What can you say about the returns to scale of the Leontief production function Q = min

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A general fixed proportions production function is o...View the full answer

Microeconomics

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