What kind of returns to scale does the production function reveals if (a) h = k, (b) h > k, and…
What skin of profits to layer does the origination administration reveals if (a) h = k, (b) h > k, and (c) h
Suppose two origination administrations are dedicated as follows.
(a) Q = 0.5 K L, and
(b) Q = 2K + 5L
Do these origination administrations reveal increasing, true or powerless profits to layer?