Question: Make your judgment, and explain why the following two statements are true, false or uncertain. You can use a graph or counter-example to help you

Make your judgment, and explain why the following two statements are true, false or uncertain. You can use a graph or counter-example to help you illustrate your argument.

Q1.

For a Cobb-Douglas production function (, ) = ^0.6 ^1.4 , the return to scale is decreasing.

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