6. Which one of the following production functions represents an increasing returns to scale technology, where e is labour and k is capital? a) F(t,k) = e1/2 + k?/2. b) G(P,k) = £2/3k!/2. c) H(e,k) = min{{, 2k} %3D d) I(e, k) = 3l + 2k.

6. Which one of the following production functions represents an increasing returns to scale technology, where e is labour and k is capital? a) F(t,k) = e1/2 + k?/2. b) G(P,k) = £2/3k!/2. c) H(e,k) = min{{, 2k} %3D d) I(e, k) = 3l + 2k.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

6. Which one of the following production functions represents an increasing returns to scale
technology, where e is labour and k is capital?
a) F(£,k) = e1/2 + k1/2.
b) G(2,k) = {2/3k^/2.
c) H(e,k) = min{{, 2k}
d) I(e, k) = 3l + 2k.

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