Answer to Question #100317 in Microeconomics for Munwer ali

Question #100317
Q=1.3l=0.75k0.3
1
Expert's answer
2019-12-12T06:13:49-0500

Based on the condition, we can determine the dynamics of returns to scale:

0.75 + 0.3 = 1.05> 1

Consequently, returns to scale increase.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS