(2) If the production function
f(K, L)=4*K^m*L^1/3+3K
is homogeneous, state the value of (m....
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Mathematics, 17.09.2021 19:50 punani
(2) If the production function
f(K, L)=4*K^m*L^1/3+3K
is homogeneous, state the value of (m.) Does the function display decreasing, constant or increasing returns to scale?
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Answers: 1
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