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Started: Nov 4 at 2:30pm Quiz Instructions 1 pts Question 6 For the production function Q = 0.2L? returns to scale is: Consta
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Answer #1

Q= 0.2L^2

Q(tL) = 0.2(tL)^2 = (t)^2 * 0.2(L)^2 =(t)^2*Q

Since t is raised to the power 2>1, the firm experiences increasing returns to scale.

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Started: Nov 4 at 2:30pm Quiz Instructions 1 pts Question 6 For the production function Q...
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