QUESTION 10 Do the following production functions exhibit increasing, decreasing or constant return to scale? a....

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To determine the returns to scale, we will increase both K and L by m.

2 -2 3 S n 3 This is imcreasing usto scale 53 07 equal to the incease in k audL Thit icotant etusns to scale rm Tis _i de SOMI as Kand L constant ntu ns-toscale - This rn x m 0.7) Mol. D

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QUESTION 10 Do the following production functions exhibit increasing, decreasing or constant return to scale? a....

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QUESTION 10 Do the following production functions exhibit increasing, decreasing or constant return to scale? a....

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