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Question 27 (10 points) Suppose the aggregate production function in METU is Y: : AKtl'jglg'l/g Assume A is constant. (a) The returns to scale in

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Question 27 (10 points) Suppose the aggregate production function in METU is Y: : AKtl'jglg'l/g Assume A is constant. (a) The returns to scale in this production function is _______________ [Show it algebraically in Assessment-Assignment-Final Exam}. and there must be ______________ returns to labour and capital. 0 a) the decreasing return to scale, increasing 0 b) the increasing return to scale, decreasing O c) the increasing return to scale, increasing 0 d} the decreasing return to scale, decreasing 0 e] None of the above

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