Question 3 Suppose that a firm's production function is given by q = 10 x min{4L, 5K). Suppose that the initial allocation of labor and capital is L = 5 and K = 4. A few months later, the firm decides to double both inputs. Consider the following statements I. The firm initially produces 200 units of output. Il. The production function exhibits constant returns to scale. Ill. When doubling the inputs, the firm produces 400 units of output. Which of these statements is true? None of them O l and ll but not III O I and Ill but not II O ll and Ill but not I O Only I Only ll Only Ill All of them