There is a 10% increase in demand for your product, but no underlying change in your production function. Which of the following is FALSE?

Group of answer choices

In the long-run, your cost-minimizing strategy will likely involve using more of both labor and capital than prior to the demand shock.

If you can't change the amount of capital you use, and therefore had to increase labor by 20%, this would imply diminishing returns to scale for labor.

In meeting this increase in output, you increased both labor and capital by 5%, and notice that your total costs increased by 16%, which implies diseconomies of scale.

More than one of the above are False.