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

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

Economics

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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