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Final Review 1 - Review Session I Explanations Homeworks...

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Review Session I Explanations, Homeworks and Examples.
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  . , : can it as much as produce it would rational, is firm the As . , : labor and capital combine y to technolog a uses firm The L K f Q L K f L K 1 , : DRS Scale to Returns Decreasing 1 , : CRS Scale to Returns Constant 1 , : IRS Scale to Returns Increasing : scale to returns certain by featured is y technolog The L K f Q L K f Q L K f Q  DRS L K Q L K Q L K Q L K Q L K Q L K Q L K Q L K Q L K Q CRS L K Q L K Q L K Q L K Q KL Q L K Q KL Q Examples 1 24 19 IRS 1 3 1 1 IRS 1 2 : 8 5 6 1 24 19 8 5 8 5 6 1 6 1 8 5 6 1 8 5 6 1 3 5 3 4 3 3 5 3 4 3 9 3 5 3 5 3 4 3 4 3 5 3 4 3 5 3 4 3 2 3 2 3 1 3 2 3 2 3 1 3 1 3 2 3 1 3 2 3 1 2
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