For the production function Q = 4LK, returns to scale: is decreasing O Can be increasing, decreasing, or constant depending on the values of Land K. is increasing O is constant

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Chapter7: Production Economics
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For the production function Q = 4LK, returns to scale:
O is decreasing
O Can be increasing, decreasing, or constant depending on the values of L and K.
O is increasing
O is constant
Transcribed Image Text:For the production function Q = 4LK, returns to scale: O is decreasing O Can be increasing, decreasing, or constant depending on the values of L and K. O is increasing O is constant
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