The Production Function $q = k ^ { .6 } l ^ { .5 }$

question 3

Multiple Choice

The production function $q = k ^ { .6 } l ^ { .5 }$ 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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