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Production Functions Assignment | Homework For You

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December 6th, 2019
8. Determine which statement is true in regard to the two production functions shown below.1. Q = 1040.75M/0.252. Q = (KO.7510.25)2O Both functions exhibit increasing returns to scale.Both functions exhibit constant returns to scale.
Homework For You
The first function exhibits constant returns to scale, while the second exhibits increasing returns to scale.The first function exhibits decreasing returns to scale, while the second exhibits increasing returns to scale. Get Economics homework help today

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