State whether the following production functions exhibit


State whether the following production functions exhibit increasing, constant, or decreasing returns to scale in K and L

  1. Y=K1/3L1/2
  2. Y=K2/3L
  3. Y=K1/2L1/2

 

 

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: State whether the following production functions exhibit
Reference No:- TGS01121644

Expected delivery within 24 Hours