Sppose a firms production function is given by q 2k lk


Suppose a firm's production function is given by Q = 2K + L*K. Does this production function exhibit increasing, constant or decreasing returns to scale?

Show solution and proper calculation please!

Solution Preview :

Prepared by a verified Expert
Business Management: Sppose a firms production function is given by q 2k lk
Reference No:- TGS01684180

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)