Under what conditions do the following production functions exhibit decreasing, constant, or increasing returns to scale?...

 

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Under what conditions do the following production functions exhibit decreasing, constant, or increasing returns to scale? The production function q=L+K O A. exhibits increasing returns to scale if L and K are greater than one. OB. exhibits decreasing returns to scale if L and Kare less than one. C. always exhibits constant returms to scale. D. always exhibits increasing returns to scale. OE. always exhibits decreasing returns to scale. The production function q=Lkb O A. always exhibits increasing returns to scale. B. always exhibits decreasing returns to scale. C. exhibits increasing returms to scale if a + b>1 and decreasing returns to scale if a +b<1. OD. exhibits decreasing returns to scale if a +b>1 and increasing returns to scale if a +b<1. O E. exhibits increasing returns to scale if a +b>0 and decreasing returns to scale if a +b<0. The production function q= L+L°k® +K O A. exhibits increasing returns to scale if a+b>1 and decreasing returns to scale if a +b<1. O B. always exhibits decreasing returns to scale. C. always exhibits increasing returns to scale. OD. exhibits decreasing returns to scale if a +b>1 and increasing returns to scale if a +b<1. O E. exhibits increasing returns to scale if a +b>0 and constant retums to scale if a+b=0. Under what conditions do the following production functions exhibit decreasing, constant, or increasing returns to scale? The production function q=L+K O A. exhibits increasing returns to scale if L and K are greater than one. OB. exhibits decreasing returns to scale if L and Kare less than one. C. always exhibits constant returms to scale. D. always exhibits increasing returns to scale. OE. always exhibits decreasing returns to scale. The production function q=Lkb O A. always exhibits increasing returns to scale. B. always exhibits decreasing returns to scale. C. exhibits increasing returms to scale if a + b>1 and decreasing returns to scale if a +b<1. OD. exhibits decreasing returns to scale if a +b>1 and increasing returns to scale if a +b<1. O E. exhibits increasing returns to scale if a +b>0 and decreasing returns to scale if a +b<0. The production function q= L+L°k® +K O A. exhibits increasing returns to scale if a+b>1 and decreasing returns to scale if a +b<1. O B. always exhibits decreasing returns to scale. C. always exhibits increasing returns to scale. OD. exhibits decreasing returns to scale if a +b>1 and increasing returns to scale if a +b<1. O E. exhibits increasing returns to scale if a +b>0 and constant retums to scale if a+b=0.