Suppose the Production Function for T-Shirts Can Be Represented as Q

question 114

Essay

Suppose the production function for T-shirts can be represented as q = L^0.25K^0.75.Show that the production function has constant returns to scale.

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Definitions:

Demanding

Requiring much time, attention, effort, or patience.

Responsive

Being quick to react or respond positively or sympathetically to input, feedback, or stimuli.

Uninvolved Parent

A parenting style characterized by a lack of responsiveness to a child's needs, often leading to a lack of emotional involvement.

Permissive Parent

A parenting style characterized by low demands with high responsiveness, where parents are lenient and often only step in when there is a serious problem.