Re: doubtsss

Posted by Akshay Jain on Jun 01, 2014; 8:38am
URL: http://discussion-forum.276.s1.nabble.com/doubtsss-tp7591143p7591228.html

In ques 2 just apply the defination of returns to scale (the effect on output by doubling the inputs)
for convinience give arbitrary values to K nd L in all the 3 functions
now double those arbitrary values of K nd L and see whether the output increases by factor 2/>2/<2
option C will satisfy the <2 case....that is decreasin returns to scale