ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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c) Show that the following production function exhibits increasing returns to scaler Q = 20K*L² Where K = 2, L = 5 and t = 2
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Transcribed Image Text:c) Show that the following production function exhibits increasing returns to scaler Q = 20K*L² Where K = 2, L = 5 and t = 2
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