Consider the case of three inputs to produce a product. The function is given as f(aX.25, aX.5, aX 25) 1. What type of returns to scale is this? Select one: Oa. None of the above O b. Constant returns...

Consider the case of three inputs to produce a product. The function is given as<br>f(aX.25, aX.5, aX 25) < af(X.25, X9.5, X9.25) for all a > 1. What type of returns to scale is this?<br>Select one:<br>Oa.<br>None of the above<br>O b. Constant returns to scale<br>O c. Decreasing returns to scale<br>O d. Increasing returns to scale<br>Clear my choice<br>to search<br>近<br>

Extracted text: Consider the case of three inputs to produce a product. The function is given as f(aX.25, aX.5, aX 25) < af(x.25,="" x9.5,="" x9.25)="" for="" all="" a=""> 1. What type of returns to scale is this? Select one: Oa. None of the above O b. Constant returns to scale O c. Decreasing returns to scale O d. Increasing returns to scale Clear my choice to search 近

Jun 10, 2022

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Consider the case of three inputs to produce a product. The function is given as f(aX.25, aX.5, aX 25) 1. What type of returns to scale is this? Select one: Oa. None of the above O b. Constant returns...

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