Question: Question 2 ( 1 point ) A firm has the production function f left ( x , y right ) = x ^
Question point
A firm has the production function
fleftxyrightxy
This firm has
Question options:
constant returns to scale.
decreasing returns to scale and diminishing marginal products for factor x
decreasing returns to scale and increasing marginal product for factor x
increasing returns to scale and decreasing marginal product of factor x
None of the above.
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