Does the production function 10 q = 1000L – K exhibit increasing, decreasing, or constant returns to scale? This production function exhibits returns to scale.
Does the production function 10 q = 1000L – K exhibit increasing, decreasing, or constant returns to scale? This production function exhibits returns to scale.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Does the production function
10
q= 1000L -
K
exhibit increasing, decreasing, or constant returns to scale?
This production function exhibits
V returns to scale.
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Transcribed Image Text:Does the production function
10
q= 1000L -
K
exhibit increasing, decreasing, or constant returns to scale?
This production function exhibits
V returns to scale.
20
tv
MacBook Air
DII
DD
80
F10
F4
FS
F6
F2
$
&t
3
4
6
7
8
9
{
E
Y
P
F
G
J
K
L
>
с
V
N
M
command
option
- -
.. .-
-
B
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