Consider the following production function: Y = F(K, L) = A(2K+ 3L) Does this production function exhibit constant returns to scale?

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Q: PRICE 8 35 30 25 R 15 10 10 15 20 QUANTITY 35 。

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Q: This time consider the production function F(L, K) = L³K³.

A: Production function shows the relationship between the output and inputs. The change in inputs bring…