Question
The production function q = k 0.6 l 0.5 exhibits a. increasing returns to scale and diminishing marginal products for both k and l b.
The production function q = k0.6 l0.5 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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Essentials of Economics
Authors: N. Gregory Mankiw
8th edition
1337091995, 978-1337515351, 1337515353, 978-1337091992
