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How do you calculate the production function?

Y=F(K,L) = K ^1/2 L^1/2
Does this production function have a constant returns of scale?

2006-12-12 17:08:55 · 1 answers · asked by SoulCauldron 2 in Social Science ➔ Economics

1 answers

yes put in K=ak and L=al and then Y=ay

2006-12-12 19:42:41 · answer #1 · answered by meg 7 · 1⤊ 0⤋

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