Question: 1. Consider a firm having the cost function C(q). What returns to scale does this have? (a) Let C(q) = q+ 39. (b) Let C(q)

1. Consider a firm having the cost function C(q). What returns

1. Consider a firm having the cost function C(q). What returns to scale does this have? (a) Let C(q) = q+ 39. (b) Let C(q) = q+ zvq (c) Let C(q) = q/2. (a) Let C(q) = 8+ -92. (b) Let C(q) = 16+ q. (c) Let C(q) = 4+ q/2

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