Estimate the production function for supermarkets

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The BlackBerry production function indicated in the text is Q = 2.83L1.52 K0.82. Estimate that the production function for housing is q = 1.38L0.144 M0.856, where L is land and M is an aggregate of all other mobile, nonland factors, which we call materials. Estimate the production function for supermarkets is Q = L0.23K0.10 M0.66, where L is labor, K is capital, and M is materials.

What kind of returns to scale do these production functions exhibit?

Reference no: EM131499284

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