Question: 1. Does this function have constant, increasing, or decreasing returns to scale? Explain. [05 Pts} 2. In the short run, what is his choice of

1. Does this function have constant, increasing, or decreasing returns to

1. Does this function have constant, increasing, or decreasing returns to scale? Explain. [05 Pts} 2. In the short run, what is his choice of amount of chalk to produce 1 unit of grafti per day, in order to minimize his costs? [07 pts] 3. In the long run, how much of each input should be used if Adams wishes to produce 1 unit of graffiti per day, again, in order to minimize his costs? [08 pts]

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