Question: Does it make sense to consider the returns to scale of a production function in the short run? Select one: a. No, returns to scale

Does it make sense to consider the returns to scale of a production function in the short run? Select one:

a. No, returns to scale is a property of the consumer's utility function.

b. No, we cannot change all of the production inputs in the short run.

c. Yes, returns to scale determine the diminishing marginal returns of the inputs.

d. Yes, this is an important short-run characteristic of production functions.

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