Q = 3L0.5Kl.5 Type your answers in all ofthe blanks and submit The production function of good x is as follow: a. Does this production function have increase, constant or decreasing returns to scale? Type your answer here (Type either IRS, DRS or CRS) b. Calculate the slope of the isoquant when the entrepreneur is producing efciently with 25 labourers and 900 units of capital. Slope = Type your answer here (absolute value.) c. If we increase the amount of labour we use in our production process from 25 to 49 units, how much change in capital is needed for us to stay on the same isoquant? change K: Type your answer here (actual value) d. Is diminishing return a characteristic of this production function? For labour? (yeso) Type your answer here ; For Capital (yes/ no)? Type your answer here