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(Solved): A production functionis given by Q(L,K)= A[alphaL^p+(1-alpha)K^p ]^v/p. determine the degree of ho ...
A production functionis given by Q(L,K)= A[alphaL^p+(1-alpha)K^p ]^v/p. determine the degree of homogenoty and condition under which it will have increasing , decreasing and constant returns to scale.