Question: The production function q = k 0.6 l 0.5 exhibits a. increasing returns to scale and diminishing marginal products for both k and l b.

The production function q = k0.6 l0.5 exhibits

a. increasing returns to scale and diminishing marginal products for both k and l

b. increasing returns to scale and diminishing marginal product for l only

c. increasing returns to scale but no diminishing marginal productivities

d. decreasing returns to scale

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