What happens to marginal product of each individual factors

Reference no: EM132199160

Question: Do the following functions exhibit increasing, constant, or decreasing returns to scale? What happens to the marginal product of each individual factor as that factor is increased and the other factor as held constant?

(a) q = 3L + 2K

(b) q = (2L + 2K)^1/2

c) q = 3LK²

(d) q = L ^1/2 K^1/2

(e) q = 4L^1/2 + 4K

Reference no: EM132199160

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