Basic micro doubts - help!
Posted by
Homer Simpson on
May 30, 2014; 6:10pm
URL: http://discussion-forum.276.s1.nabble.com/Basic-micro-doubts-help-tp7591119.html
Identify if production function and respective marginal products has CRS, IRS or DRS-
1) x1 + (x2)^(0.5)
2) (x1 + 1)^(0.5) x (x1)^(0.5)
How to solve this? Scaling up is not working in the usual way!
“Operator! Give me the number for 911!”