12 A firm has the production function q = f(L K) = L + K2​

​This firm has: a. decreasing returns to

Question

12. A firm has the production function q = f(L, K) = L + K2​ ​This firm has: a. decreasing returns to

scale

b. increasing returns to scale

c. constant returns to scale

d. increasing marginal product e. None of the above.

Economics