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Determine whether the following production functions exhibit constant, increasing, or decreasing returns to scale.

A. Q = 10X + 4Y + 0.25Z

B. Q = 12L + 5K + 500

C. Q = 4A + 14B + 3AB

D. Q = 5L2 + 5LK + 5K2

E. Q = 3L0.3K0.4

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9208693

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