Does the production function exhibit diminishing returns

Reference no: EM13224238

Suppose that the production function for a commoity is give
\(Q=10\sqrt{JK}\)
n by

where Q is the quantity of output, L is the quantity of labor, and K is the quantity of capital.

(a) Indicate whether this production function exhibits constant, increasing, or decreasing returns to scale.

(b) Does the production function exhibit diminishing returns? If so, when does the law of diminishing returns begin to operate? Could we ever get negative returns?

Reference no: EM13224238

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