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Business, 23.09.2021 14:00 unicornsflyhigh

Given the production function = 4 + K^2 , a) Show that the function is homogenous. Hence comment on its degree of homogeneity and returns to scale. (6) b) Confirm the results in (a) by showing that ∗ + ∗ = Q

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Given the production function = 4 + K^2 , a) Show that the function is homogenous. Hence comment on...
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