A firm has the production function f(x, y) = x^1.40y¹. This firm has A) decreasing returns to scale and diminishing marginal products for factor x. B) increasing returns to scale and decreasing marginal product of factor x. C) decreasing returns to scale and increasing marginal product for factor x. D) constant returns to scale. E) None of the above.

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The Answer of A firm has the production function f(x, y) = x^1.40y¹. This firm has A) decreasing returns to scale and diminishing marginal products for factor x. B) increasing returns to scale and decreasing marginal product of factor x. C) decreasing returns to scale and increasing marginal product for factor x. D) constant returns to scale. E) None of the above.

A Firm Has the Production Function F(x, Y) = X1

A Firm Has the Production Function F(x, Y) = X¹