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Business, 18.03.2021 01:50 Esan1478

The cob Douglas production function is given by Q(K, L)=AK^1.4*L^1.6 Show that is production function is homogeneous of degree 3(i. e exhibits increasing returns to scale) and verify the

Euler's theorem

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The cob Douglas production function is given by Q(K, L)=AK^1.4*L^1.6 Show that is production functi...
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