Question: 4. (16 points) Given the long-run total cost function: TC(Q) = Q1/4,12w.1/2, where wis the wage, and ris the rental rate. (a). Just by studying

4. (16 points) Given the long-run total cost function: TC(Q) = Q1/4,12w.1/2, where wis the wage, and ris the rental rate. (a). Just by studying the total cost function, can you tell whether the underlying production function exhibits increasing return to scale, constant return to scale, or decreasing return to scale

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