Production functions have constant

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Reference no: EM13854222

Determine whether the following production functions have Constant, Decreasing or Increasing Returns to Scale (a formal proof is required).

(a) F (K,L)= K^3+L^3

(b) F (K,L)= K^2/L^3

(d)F(K,L)=K^aL^1-a (where "a" is a parameter)

Reference no: EM13854222

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