Which of the following production functions exhibit(s) constant returns to scale?
I. Q =
II. Q = 2K + L
III. Q = K^0.8L^0.2

Name: Which of the following production functions exhibit(s) constant returns to scale? I. Q = II. Q = 2K + L III. Q = K 0.8 L 0.2 A) II and III B) I and II C) III D) I, II, and III
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Question

Which of the following production functions exhibit(s) constant returns to scale? I. Q = II. Q = 2K + L III. Q = K^0.8L^0.2 A) II and III B) I and II C) III D) I, II, and III

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The Answer of Which of the following production functions exhibit(s) constant returns to scale? I. Q = II. Q = 2K + L III. Q = K^0.8L^0.2 A) II and III B) I and II C) III D) I, II, and III

Which of the Following Production Functions Exhibit(s) Constant Returns to Scale