[Solution] Consider the production function F(L, K) = 3LK. What pattern of returns does this production function exhibit for labor? For capital? (In other words,
Question: Consider the production function F(L, K) = 3LK.
What pattern of returns does this production function exhibit for labor? For capital? (In other words, does the production function exhibit the property of diminishing marginal returns to capital and labor?)
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