Mathematics · Homogeneous Functions
Which of the following production functions has a degree of homogeneity NOT equal to unity (1)?
- 1Q = K2L
- 2Q = [K2 + 2KL + L2]1/2
- 3Q = K2 + 2KL + L2✓
- 4Q = 100 K1/4 L3/4
Correct answer
Q = K2 + 2KL + L2
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