Determine if the technology exhibits increasing

Reference no: EM13689386

1. For each of the following production functions, determine if the technology exhibits increasing, decreasing, or constant returns to scale.

a. f(L;K)=L+K

b. f(L;K)=sqrt(L)+sqrt(K)

c. f(L:K)=LK+L+K

d. f(L;K)=sqrt(KL)+L+K

Reference no: EM13689386

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