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Mathematics, 20.09.2020 06:01 chaseashley24
Consider the production function Y = 2F (L, K. II, N). Suppose
F (12, 10,9,7) - 100 and F (24, 20,18, 14) - 180. Does the
production function have the property of constant returns to
scale? Why or why not?
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Answers: 1
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Consider the production function Y = 2F (L, K. II, N). Suppose
F (12, 10,9,7) - 100 and F (24, 20,1...
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