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The document analyzes different production functions and their returns to scale. It concludes that functions (a), (b), (d), (f), and (g) exhibit constant returns to scale, while functions (c) and (e) demonstrate decreasing returns to scale. Each function is evaluated by substituting scaled inputs and observing the resulting output behavior.

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3 views1 page

A

The document analyzes different production functions and their returns to scale. It concludes that functions (a), (b), (d), (f), and (g) exhibit constant returns to scale, while functions (c) and (e) demonstrate decreasing returns to scale. Each function is evaluated by substituting scaled inputs and observing the resulting output behavior.

Uploaded by

zhanyousheng5
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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(a) \( Y = K^{1/2} L^{1/2} \)

- 計算 Y((tK, tL) :
Y(tK, tL) = (tK)^{1/2} (tL)^{1/2} = t^{1/2} K^{1/2} t^{1/2} L^{1/2} = t Y
- 結論：constant Returns to scale
(b) \( Y = K^{2/3} L^{2/3} \)
- 計算 Y(tK, tL) :
Y(tK, tL) = (tK)^{2/3} (tL)^{2/3} = t^{2/3} K^{2/3} t^{2/3} L^{2/3} = t Y
- 結論：constant Returns to scale
(c) \( Y = K^{1/3} L^{1/2} \)
- 計算 Y((tK, tL) :
Y(tK, tL) = (tK)^{1/3} (tL)^{1/2} = t^{1/3} K^{1/3} t^{1/2} L^{1/2} = t^{5/6} Y
- 結論：decreasing returns to scale
(d) \( Y = K + L \)
- 計算 Y((tK, tL) :
Y(tK, tL) = tK + tL = t(K + L) = tY
- 結論：constant Returns to scale
(e) \( Y = K + K^{1/3} L^{1/3} \)
- 計算 Y((tK, tL) :
\[
Y(tK, tL) = tK + (tK)^{1/3} (tL)^{1/3} = tK + t^{2/3} K^{1/3} L^{1/3}
- 結論：decreasing returns to scale
(f) \( Y = K^{1/3} L^{2/3} + A \)
- 計算 Y((tK, tL) :
Y(tK, tL) = (tK)^{1/3} (tL)^{2/3} + A = t^{1/3} K^{1/3} t^{2/3} L^{2/3} + A = t Y + A
- 結論：constant Returns to scale

(g) \( Y = K^{1/3} L^{2/3} - A \)


- 計算 Y((tK, tL) :
Y(tK, tL) = (tK)^{1/3} (tL)^{2/3} - A = t^{1/3} K^{1/3} t^{2/3} L^{2/3} - A = t Y - A
- 結論：constant Returns to scale

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