Question returns to scale determine whether the following, Ask an Expert

Economics

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

Need to express how you arrived at the solution using excel functions.

A. Q = 0.25X + 5Y + 30Z

B. Q = 4L + 15K + 600

C. Q = 2L0.2K0.6

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92586520

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