Question

How the following production functions differ from each other?

Q=f(L,K) = 0.68 0.54 0.26
Q=f(L,K)=0.42 0.64 0.26

A. in terms of Inputs
B. in terms of Factor intensity
C. in terms of Efficiency of production
D. in terms of Returns to scale​

Answer 1

Answer:

in terms of factor intensity