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  3. 2 determine the returns to scale of the following functions...

Question: 2 determine the returns to scale of the following functions...

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2. Determine the returns to scale of the following functions. Show your work. a) Q=4K + 3L b) Q= 2KL c) Q 10K/L
Given fixed cost = $10 and the total cost given belowcompletethetable assumingfixed price of$8.00. Total Product AVC ATC TR Profit AFC TC MC 20 28 lo Io 20 -12 lG 24 -12 3.13 2.5 36 40 48 58 72 90 110 2o 9 4o 48 I.cc 87 8.28 ty 25225 一 s0 . 30 10 10
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