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    Managerial Economics Study Set 4
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    Exam 6: The Theory and Estimation of Production Appendices 6A,6B,and 6C
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    For Each of the Following Functions,describe Returns to Scale
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For Each of the Following Functions,describe Returns to Scale

Question 37

Question 37

Essay

For each of the following functions,describe returns to scale.
a.Q = K + L
b.Q = K1/2L3/4
c.Q = K2L

Correct Answer:

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a.Constant returns t...

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