Q288
Given Y = 25 X_1^0.35\, X_2^0.49 , where Y = input, X1 = input 1, X2 = input 2. The nature of returns to scale will be
Given , where Y = input, X1 = input 1, X2 = input 2. The nature of returns to scale will be
A.
increasing
B.
decreasing
AnswerC.
constant
D.
fluctuating
Answer: Option B
Solution
Answer: Option B
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