For What Values of a and B Will the Following

question 69

Essay

For what values of a and b will the following production function exhibit increasing,decreasing or constant returns to scale?
q = (L^a + K^a)^1/b

---

Definitions:

Dominion

Dominance or control over a particular area or domain, often relating to sovereignty.

American Workplace

The environment, culture, and practices of work within the United States, characterized by various employment laws, diversity, and evolving dynamics.

Ethics at Work

The moral principles and standards that govern the behavior of individuals and organizations in a professional environment.

Trusteeship Climate

A work environment where responsibilities are shared and employees feel accountable and trusted.