For the production function Q = 0.7L + K, returns to scale: O Is increasing. O Is decreasing. O Can be increasing, decre
Posted: Fri Jul 01, 2022 8:12 am
For the production function Q = 0.7L + K, returns to scale: O Is increasing. O Is decreasing. O Can be increasing, decreasing, or constant depending on the values of L and K. Is constant.