Question: 2. Consider the following Cobb Douglas production function: F(K, L) = 10 K 0.4 0.6 a) (4 Points) Determine whether the production function has constant,

2. Consider the following Cobb Douglas production function: F(K, L) = 10 K 0.4 0.6 a) (4 Points) Determine whether the production function has constant, decreasing, or increasing returns to scale. b) (3 Points) Does the production function have diminishing marginal returns to capital? c) (2 Points) How much is the labor share and how much is the capital share in the output

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