Question: Consider the following production functions: are they constant / increasing / decreasing return to scale? (i) ?(?1, ?2 ) = ?1 2?2 2 ;The production

Consider the following production functions: are they constant / increasing / decreasing return to scale? (i) ?(?1, ?2 ) = ?1 2?2 2 ;The production function is given by = 1 + 22. If 1 = 10, 2 = 8, will the firm use input factor 2 to minimize the cost? In what case will the firm use input factor 2

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