For each of the following production functions, determine whether they exhibit constant, decreasing, or increasing returns to scale.
a. Q = 4KL
b. Q = K^1/3L^2/3
c. Q = K^1/3L^1/3
d. Q = min(K, 4L)
e. Q = 6K + 3L

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The Answer of For each of the following production functions, determine whether they exhibit constant, decreasing, or increasing returns to scale. a. Q = 4KL b. Q = K^1/3L^2/3 c. Q = K^1/3L^1/3 d. Q = min(K, 4L) e. Q = 6K + 3L

For Each of the Following Production Functions, Determine Whether They