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1.Give the definition of increasing, decreasing, and constant returns to scale. Include in your answer factors that could cause increasing and decreasing returns to scale.
2.The Cobb-Douglas production function is given Q = 0.4L0.2K 0.7, where Q is the number of parts produced, L is the number of workers, and K is the amount of capital.
a.Calculate the output elasticity both labour and capital.
B Does this production function exhibit increasing, decreasing, or constant return to scales?
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if you are such hobbyists who just want to make some innovative projects for fun and don’t want to go further behind that then the Arduino is your best option. But if you want to go deep in the depth of these things then you must do work on other micro-controllers first and after that for the sake of saving time use Arduino.
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