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QUESTION
Determine which statement is true in regard to the two production functions shown below. Q = 1040.75M/0. Q = (KO.25)2 O Both functions exhibit...
Determine which statement is true in regard to the two production functions shown below.
8. Determine which statement is true in regard to the two production functions shown below.1. Q = 1040.75M/0.252. Q = (KO.7510.25)2O Both functions exhibit increasing returns to scale.Both functions exhibit constant returns to scale.The first function exhibits constant returns to scale, while the second exhibits increasing returns to scale.The first function exhibits decreasing returns to scale, while the second exhibits increasing returns to scale.