If a firm's production function is given by Q = K0.3L0.3 then it exhibits а. Decreasing returns to scale b. Increasing returns to scale С. Constant returns to scale d. Impossible to say without more information.

1. Which of the following production functions do not exhibit constant returns to scale? A. F(K, L) AK L¹-a B. F(K, L) AK + BL C. F(K,L)=L D. F(K,L) = K(1-e-(L/K)) E. None of the above

E2

Please indicate which multiple choice awnser is correct for question 1.1)1.2)1.3)Please indicate it correctly as I have had this awnsered with different letters to the awnser I was told   1.1 - A firm trebles its inputs and discovers that its output rises by a factor of four. This is an example of;Select one or more:a. constant returns to scaleb. diminishing returns to a variable factor c. increasing returns to scaled. economies of scale1.2 - Diseconomies of scale are present when.... Select one or more:a. marginalcostsriseb. long run average costs rise as output rises c. totalcostsfallasoutputrisesd. total costs rise as output rises 1.3 - If the demand for a firm’s product is price inelastic, this implies that Select one or more: a. price changes have no impact on quantity demandedb. a fall in price of 3% will lead to a decline in quantity demanded of more than 3%c. a rise in price will raise total expenditure on the goodd. a 5% rise in price will result in a fall in quantity…

If a production function shows declining marginal product of an input as the quantity of the input increases, then the production function exhibits Group of answer choices diminishing profitability. increasing returns to scale. increasing marginal product. decreasing marginal product.

Please solve all parts will upvote. Hand written solution is not allowed.

If a firm has the production function q = f(L, K) = L + 2K, then its technology exhibits:   constant returns to scale   increasing returns to scale   None of the above.   decreasing returns to scale   increasing marginal product

The production function q = K1.2 + 3L1.2 exhibits [increasing return to scale, constant return to scale, decreasing constant return to scale]

3

A firm estimates its long-run production function to be Q = -0.0050 K³L³ + 15 K²L² Suppose the firm employs 10 units of capital. At product of labor begins to diminish. A) 150 B) 66.67 C) 1000 D) 100 E) 200 I units of labor, marginal