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Need help solving this question Under what conditions do the following production functions
Need help solving this question
Under what conditions do the following production functions
exhibit decreasing, constant, or increasing returns to scale?
a. q = L + K, a linear production function,
b. q = ALaKb, a general Cobb-Douglas production function,
Decreasing returns to scale: It occurs when the output increasesby a smaller proportion than the increase in inputs.Increasing returns to scale: when output increases by alarger proportion than...