Question: The production function -k0 4710.5. Oa exhibits constant returns to scale and diminishing marginal productivities for k and 1. Ob. exhibits constant returns to scale

The production function q = 0.410.5 a. exhibits constant returns to scale

The production function -k0 4710.5. Oa exhibits constant returns to scale and diminishing marginal productivities for k and 1. Ob. exhibits constant returns to scale and constant marginal productivities for k and 1. c.exhibits diminishing returns to scale and diminishing marginal productivities for k and 1. o d. exhibits diminishing returns to scale and constant marginal productivities for k and I.

The production function q = 0.410.5 a. exhibits constant returns to scale and diminishing marginal productivities for k and 1. b. exhibits constant returns to scale and constant marginal productivities for k and /. c. exhibits diminishing returns to scale and diminishing marginal productivities for k and 1. d. exhibits diminishing returns to scale and constant marginal productivities for k and 1.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!