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Business, 24.10.2019 21:43 amaraea

Under what conditions do the following production functions exhibit decreasing, constant, or increasing returns to scale? the production function qequalslplusk a. always exhibits decreasing returns to scale. b. exhibits increasing returns to scale if l and k are greater than one. c. exhibits decreasing returns to scale if l and k are less than one. d. always exhibits increasing returns to scale. e. always exhibits constant returns to scale.

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