Question: 1. A firm has the production function /(x, y) = xia/1go This firm has a. decreasing returns to scale and diminishing marginal product for factor

1. A firm has the production function /(x, y) = xia/1go

1. A firm has the production function /(x, y) = xia/1go This firm has a. decreasing returns to scale and diminishing marginal product for factor x. b. increasing returns to scale and decreasing marginal product for factor x. c. decreasing returns to scale and increasing marginal product for factor x. d. constant returns to scale. e. None of the above

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