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1. Below are production functions that turn capital (K) and labor (L) into output. For cach of th...

1. Below are production functions that turn capital (K) and labor (L) into output. For cach of the production functions below

1. Below are production functions that turn capital (K) and labor (L) into output. For cach of the production functions below, state and PROVE whether it is Constant/Increasing/or Decreasing Returns to scale. That is, you want to see how production changes when you increase all inputs (K,L, (M)) by a factor of a, where a > 1: (3 points each) (a) F(K,L)-KİLİ+2K +3L (b) F(K, L)=min/4K, 2L1+20 (d) F(K,L,M) KL3M
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Ana 요/3 1/3 atput 庶 increasing by than リ3リ3 /3 臼 ㄥ

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