13. Following are different algebraic expressions of the production function. Decide whether each… 1 answer below »

13. Following are different algebraic expressions of the
production function. Decide whether
each one has constant, increasing, or decreasing returns to
scale.
a. Q = 75L0.25K0.75
b. Q = 75A0.15B0.40C0.45
c. Q = 75L0.60K0.70
d. Q = 100 + 50L + 50K
e. Q = 50L + 50K + 50LK
f. Q = 50L2 + 50K2
g. Based on the answers for the preceding equations, can you make
any generalizations
about the functional form of a production equation, the relative
magnitudes of the coefficients,
and the nature of the returns to scale? Explain.

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