y) Consider the Prodluction function Below.For each state amd Poove whe ther it isConstamt/incieasing fdecreasing returns to Scale.(a) F(K,L). k" L'n(b) F(K,L) = min (uk , 2L) +30(C) F(K,L) = 4k + 3L(c) F(K.L)-

a) F(K,L) = K13 L13 Increasing both the factors of production by 'a':- F(aK, aL)=(aK)13(aL)13…

4) Consider the Prooluction function Below. For each State amd Poove whe ther it is Constant/increasing dlecreasing returns to scal () F(K2): K2Lの %3D (6) F(K,L) = min (uk , aL) +30 (c) F(K.L) = 4K + 3L

4) Consider the Prooluction function Below. For each State amd Poove whe ther it is Constant/increasing dlecreasing returns to scal () F(K2): K2Lの %3D (6) F(K,L) = min (uk , aL) +30 (c) F(K.L) = 4K + 3L

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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Question

y) Consider the Prodluction function Below.
For each state amd Poove whe ther it is
Constamt/incieasing fdecreasing returns to Scale.
(a) F(K,L). k" L'n
(b) F(K,L) = min (uk , 2L) +30
(C) F(K,L) = 4k + 3L
(c) F(K.L)-

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