If there are constant returns to scale, there may be diminishing returns to factor. Prove with the..


If there are faithful profits to flake, there may be powerless profits to content. Prove after a while the acceleration of isoquants. Show that in a straight congruous Cobb-Douglas genesis employment X = AL α K β

( i ) If all inputs are increased in the similar adjustment then output besides increases by the similar adjustment.

( ii ) The mediocre and ultimate emanation employment endure simply upon the input proportion.