Question: ( 1 , 2 ) = 1 ^ ( / 2 ) * 2 ^ ( ) 2 . Which of the following statements correctly
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 and increasing marginal product for input 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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