Question: Hello! If you don't mind checking my answers for these three questions If some production function Q[L,K) exhibits a constant return to scale, then the


Hello! If you don't mind checking my answers for these three questions



If some production function Q[L,K) exhibits a constant return to scale, then the marginal cost of production as output level increases 0 A. Not enough Informstlon given. 0 B. Decreases. O G. Stays constant. (E) D. Increases. Fteaet Selection Question 3 of 15 7 Points A firm's production function can be described by Q(L,K) = LK2, MP_=K2, MPK=2LK. The corresponding isoquants slope "...... rate as the firm moves from left to right along an isoquant. OA. upward; an increasing OB. downward; a decreasing OC. upward; a decreasing OD. downward; an increasing Reset SelectionA firm's production function can be described by Q(L,K) =LK2 The function exhibits ... .. OA. None of these options OB. Constant return to scale O C. Increasing return to scale OD. Decreasing return to scale Reset Selection
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