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A widget manufacturer has a production function of the form q = 6KL. If the wage rate (w) is $4 and the rental rate on

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A widget manufacturer has a production function of the form q = 6KL. If the wage rate (w) is $4 and the rental rate on capital (r) is $10. Are the returns to scale increasing, constant, or decreasing for this production function? Choose... What cost minimization combination of K and L will the manufacturer employs to produce 240 units of output? Choose... If the firm wants to increase output level to 960. What cost minimization combination of K and L will the manufacturer employs? Choose... Suppose that the capital input is fixed at K = 4 units in the short run, what is the short run total cost function with q Choose

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