The blackberry production function is q 283l152k082 epple, Ask an Expert

Economics

The BlackBerry production function is Q = 2.83L1.52K0.82. Epple et al. (2010) estimate that the production function for U.S. housing is q = 1.38L0.144M0.856, where L is land and M is an aggregate of all other mobile, non-land factors, which we call materials. Haskel and Sadun (2012) estimate the production function for U.K. supermarkets is Q = L0.23K0.1M0.66, where L is labor, K is capital, and M is materials. What kind of returns to scale do these production functions exhibit?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91422289

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