Business, 31.03.2020 01:53 daniel9299

2. A firm produces according to the following production function: Q = K0.4L0.5. MCK is $10 per K, and MCL is $8 per L. What sort of returns to scale does the firm face? Motivate your answer

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2. A firm produces according to the following production function: Q = K0.4L0.5. MCK is $10 per K, a...