Question: 3. If the production function is z = Asz-C, where A = 2 and B = .5 and C : .3 , then: (a) does

 3. If the production function is z = Asz-C, where A

= 2 and B = .5 and C : .3 , then:

3. If the production function is z = Asz-C, where A = 2 and B = .5 and C : .3 , then: (a) does it have diminishing marginal product? (b) Does it have constant returns to scale

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