Show that the following generating function is homogeneous and find the degree
of nationality:
Q = 2K1/2L3/2
Do operations to show whether this function exhibits diminishing returns to scale,
constant returns to scale or increasing returns to scale? Explain the answer
your.
B) The number, N, of daily infections by a virus, n days after the start of one
pandemic grows exponentially and can be exemplified by the relationship:
N= 7 x 1.2 (raised to n)
B.1) Find the number of infections when n=10.
B.2) After how many days will the number of new infections exceed 1000?