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3. Determine whether each of the following production functions below displays constant, increasing, or decreasing returns...

3. Determine whether each of the following production functions below displays constant, increasing, or decreasing returns to

3. Determine whether each of the following production functions below displays constant, increasing, or decreasing returns to scale: (a) Q = 10(K0.75 0.252 (b) Q = 2K2 +312 (c) Q=K+L+KL (d) Q = min(3K, 2L) (e) Q = 10K0:250.25
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a) de min (3K, 22) de min (3239 242) = d min 13k, 24) - 18 the power of d=1, com tant entures scale. - Since to - 8 - 2020.25a) Q 10 (10.75 6 0.25 Put K = AK and LedL Os 10 / 1 075 025, 0.25) à 10 (d * 0.15 10:25) 2 e de 10 (x 0.75 0.252 1, so scale

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