Question: ( 1 , 2 ) = 1 ^ ( / 2 ) * 2 ^ ( ) 2 . Which of the following statements correctly

(1,2)=1^(/2)*2^()2. Which of the following statements correctly characterizes the production function? a. It has decreasing returns to scale and diminishing marginal product for both inputs. b. It has decreasing returns to scale and increasing marginal product for both inputs. c. It has decreasing returns to scale, diminishing marginal product for input 1, and increasing marginal product for input 2. d. It has increasing returns to scale and diminishing marginal product for both inputs. e. It has increasing returns to scale and increasing marginal product for both inputs.

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