Determine the type of returns to scale exhibited by the
production function: F(L,K)=lnL+2K^1/2 + 5

Never use plagiarized sources. Get Your Original Essay on
Question: Determine the type of returns to scale exhibited by the production function: F(L,K)=lnL+2K^1/2 + …
Hire Professionals Just from $11/Page
Order Now Click here

A) increasing returns to scale

B) decreasing returns
to scale

C) constant returns to
scale

D) both increasing and
decreasing returns to scale

Open chat
Lets chat on via WhatsApp
Hello, Welcome to our WhatsApp support. Reply to this message to start a chat.