All Questions
Tagged with functional-form utility
1 question
2
votes
1
answer
58
views
Return to scale of a production function, $q = L^\lambda + K^\gamma$, is determining it possible in that general form?
Given the production function $q = L^\lambda + K^\gamma$, how do we determine the return to scale for different value of $\lambda$ and $\gamma$?
I know we have to determine the homogeneous degree of ...
- 41