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2) (10 points) For the following functions define if they are increasing, decreasing or constant returns to scale. Are t

Posted: Sun Jun 05, 2022 4:39 pm
by answerhappygod
2 10 Points For The Following Functions Define If They Are Increasing Decreasing Or Constant Returns To Scale Are T 1
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 45 times
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)