Determine whether the following production functions show constant, increasing, or decreasing returns to scale: i. Q = L 0.60 K 0.40 ii. Q = 5K 0.5 L 0.3 iii. Q = 4L + 2K

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Determine whether the following production functions show constant, increasing, or
decreasing returns to scale:
i. Q = L 0.60 K 0.40
ii. Q = 5K 0.5 L 0.3
iii. Q = 4L + 2K

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