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Establish algebraically whether this production function

Assignment Help Macroeconomics
Reference no: EM13331516

Suppose that aggregate production function in a particular economy is given by

Y = (N/60)[5080 – N]

where N is the size of the labor force.

(a) Establish algebraically whether this production function exhibits increasing, decreasing, or constant returns to scale

Reference no: EM13331516

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