When is a production function said to have constant returns, Econometrics

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When is a production function said to have constant returns

1. When is a production function said to have constant returns to scale, increasing returns to scale, or decreasing returns to scale?

2. How does technological change affect a firm's output?

3. What is an expansion path and how does it relate to a firm's total cost curve?

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Econometrics: When is a production function said to have constant returns

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Econometrics: When is a production function said to have constant returns

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