The production function q = 22K^0.6 L^0.3 exhibits A. constant returns to scale. B. increasing returns to scale. C. unknown retu

Question

vekshin1

2 years ago

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The production function q = 22K^0.6 L^0.3 exhibits A. constant returns to scale. B. increasing returns to scale. C. unknown retu

rns to scale because the exponents are not equal. D. decreasing returns to scale.

Business

1 answer:

Ivenika [448] · Answer 1 · 2022-08-04T17:51:16+03:00

Answer:

D. decreasing returns to scale.

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Explanation

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