Match the multi-variable function on the left with the scale property. Q(K.L) =4K1.5L1.5 A Decreasing returns to scale B. Increasing returns to scale Q(K.L)=4K0.6L0.4 C. Constant returns to scale Q(K.L)=2K04L0.3

A firm has the production function f(X, Y) = x²/2 y1/2, where X is the amount of factor x used and Y is the amount of factor y used. On a diagram we put X on the horizontal axis and Y on the vertical axis. We draw some isoquants. Now we draw a straight line on the graph and we notice that wherever this line meets an isoquant, the isoquant has a slope of -3. The straight line we drew Select one: O a. is vertical. b. is horizontal. c. is a ray through the origin with slope 3. d. is a ray through the origin with slope 4. O e. has a negative slope.

Use the line drawing tool to plot the functional relation. listed below on a scale diagram (with X on the horizontal axis and Y on the vertical axis) and compute the slope of the line. Make sure you start at the Y-intercept and label the line 'Line A'. Y = 20 + 3X Carefully follow the instructions above, and only draw the required object.

The function Q = L0.3 + K0.7  is an example of _____ returns to scale of production.