Suppose a production function is given as Q = f (K, L). When inputs K and L are doubled and…


Suppose a formation office is dedicated as Q = f (K, L). When inputs K and L are doubled and formation office reads as follows. hQ = f (2K,2L)

What qualification must be fulfilled for the formation office to pomp invariable receipts to layer?

Using Cobb–Douglas formation office, pomp the qualifications for:

(a) increasing receipts to layer,

(b) invariable receipts to layer, and

(c) powerless receipts to layer.