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Category > Economics Posted 17 May 2017 My Price 4.00

The BlackBerry production

Please assist in this question.

The BlackBerry production function indicated in the text is Q = 2.83L1.52 K0.82. estimate that the production function for housing is q = 1.38L0.144 M0.856, where L is land and M is an aggregate of all other mobile, nonland factors, which we call materials. estimate the production function for supermarkets is Q = L0.23K0.10 M0.66, where L is labor, K is capital, and M is materials.

 

What kind of returns to scale do these production functions exhibit? 

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SuperTutor
(15)
Status NEW Posted 17 May 2017 04:05 AM My Price 4.00

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