Question: Consider the production function q = k l . For this function to have diminishing marginal productivities and increasing returns to scale, it must be
Consider the production function q = k l. For this function to have diminishing marginal productivities and increasing returns to scale, it must be the case that
a. > 1, > 1, + < 1
b. > 1, > 1, + > 1
c. < 1, < 1, + < 1
d. < 1, < 1, + > 1
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