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Assume a Cobb-Douglas production function of the form: q=10L0.78K0.57 What type of returns to scale does this production function exhibit? In this instance, returns to

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Assume a Cobb-Douglas production function of the form: q=10L0.78K0.57 What type of returns to scale does this production function exhibit? In this instance, returns to scale equal (Enter a numeric response using a real number rounded to two decimal places.) This production function exhibits A. initially increasing but then constant returns to scale: B. constant returns to scale C. decreasing retums to scale. D. increasing returns to scale. E. initially constant but then increasing returns to scalo. Assume a Cobb-Douglas production function of the form q=10L0.07K0.97 What type of returns to scale does this production function exhibit? In this instance, returns to scale equal (Enter a numeric response using a real number rounded to two decimal places.) This production function exhibits A. decreasing returns to scale. B. initially increasing but then constant refurns to scale. C. constant returns to scale. D. initially constant but then increasing returns to scale E. increasing returns to scale

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