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After a careful study, a firm has estimated its production function as follows:

ln Q = 0.375 ln K + 0.625 ln L

where Q = units of output, K = units of fixed factors and L = units of variable factors. What kind of returns-to-scale does the firm experience?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9474754

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