Question

3. Determine whether the following production functions show constant, increasing, or
decreasing returns to scale:
i. Q = L 0.60 K 0.40
ii. Q = 5K 0.5 L 0.3
iii. Q = 4L + 2K

Answer 1

can you explain the question

Answer 2

Answer:

soory i don't know anwer for this question soory