Question: The production functionf(L,K)=50K^0.25.L^0.75exhibits negative returns to scale. increasing returns to scale. constant returns to scale. decreasing returns to scale. increasing, then diminishing returns to scale.

The production functionf(L,K)=50K^0.25.L^0.75exhibits

negative returns to scale.

increasing returns to scale.

constant returns to scale.

decreasing returns to scale.

increasing, then diminishing returns to scale.

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