Assume the Generic Production Function Q = F (K,L)displays Both

question 24

Multiple Choice

Assume the generic production function Q = f (K,L) displays both decreasing returns to capital (K) and decreasing returns to labor (L) .Then

• A)this production function will certainly display decreasing returns to scale.
• B)this production function will certainly display constant returns to scale.
• C)this production function will certainly display increasing returns to scale.
• D)this production function may display increasing returns to scale.

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Definitions:

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