What is a linear homogenous production function? What kind of returns to scale is indicated by a…


What is a straight homogenous formation office? What husk of returns to flake is implied by a straight homogenous formation office? Prove your confutation by using a formation office.

Suppose a formation office is abandoned as Q = f (K, L). When inputs K and L are increased by element k, formation office reads as follows. hQ = f (kK, kL)