Please explain and show all the steps instead of just giving an answer. 1. (Production function)...

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Please explain and show all the steps instead of just giving an answer.

business economics

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Answer 1

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Constant returns to scale means output will increase in the same proportion as the increase in inputs.

Soluuthon Y= F(X,L) Shous co ntant returns to scale his meanu outhul wi increase in the same hon as inpi DiHesenhating leth sides with、nduu in inq ewers thaorerm on functon shos constand retuvns to cale, margtna hysical oduct Hence.

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Answer 2

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Please explain and show all the steps instead of just giving an answer. 1. (Production function)...

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