Consider the production function: Q = 541/2K1/3 where Lis labour, K is capital, and Q is output

Economics Nov 21, 2020

Consider the production function: Q = 541/2K1/3 where Lis labour, K is capital, and Q is output. Which of the following is true? The production function displays constant returns to scale The production function displays decreasing returns to scale None of these The production function displays increasing returns to scale

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