- 2 10 Points For The Following Functions Define If They Are Increasing Decreasing Or Constant Returns To Scale Are T 1 (17.64 KiB) Viewed 44 times
2) (10 points) For the following functions define if they are increasing, decreasing or constant returns to scale. Are t
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2) (10 points) For the following functions define if they are increasing, decreasing or constant returns to scale. Are t
2) (10 points) For the following functions define if they are increasing, decreasing or constant returns to scale. Are they homogenous and, if so, to what degree? i)f(x, y, z) = 2√xy (1) ii) f(x, y, z) = x/y-5/y²+2-2 (2) iii) f(x, y, z) = xyz +1 (Assume xyz > 1) (3)