For each of the following production functions, determine whether returns

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Exercise 2
For each of the following production functions, determine whether returns to scale are decreasing, constant or increasing (show your computations).
a. Q = 3K + 2L + KL

 

b. Q = 20K.7L.5


The multiplicative production function in part b is known as:

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    For each of the following production functions, determine whether returns
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