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1. For each of the following production functions, determine if the technology exhibits increasing, decreasing, or...

1. For each of the following production functions, determine if the technology exhibits increasing, decreasing, or constant returns to scale.

a. f(L; K) = L + K

b. f(L; K) = p L + p K

c. f(L:K) = LK + L + K

d. f(L; K) = p KL + L + K

business   economics   
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