State for each of the following production functions whether it has increasing, or decreasing, or constant...

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State for each of the following production functions whether it has increasing, or decreasing, or constant...

State for each of the following production functions whether it has increasing, or decreasing, or constant returns to scale (pick one for each). Show how you got your answer for each one of them.

(i) Q = 3K3/5L2/5

(ii) Q = 12K2+5L2

(iii)Q = 8K+5L

(iv) Q = 0.7(K0.4L0.9)

(v) Q = min{4K,9L}

business economics

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