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QUESTION
12. A firm has the production function q = f(L, K) = L + K2This firm has: a. decreasing returns to
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.
