The production function
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.

Question

The production function 
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.

Quizplus · Accepted Answer

The Answer of The production function 
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.

The Production Function