Question: The production function Q = -64X0.5Y0.4 exhibits: (a) constant returns to scale. (b) increasing returns to scale. (c) diminishing returns to scale. (d) increasing and

The production function Q = -64X0.5Y0.4 exhibits:

(a) constant returns to scale. (b) increasing returns to scale. (c) diminishing returns to scale. (d) increasing and then diminishing returns to scale.

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