# returns to scale

Consider the production function Q=10L-.5L^2+24K-K^2 for L and K in the range 0 to 10 units. Does this production function exhibit diminishing returns to each input? Does it exhibit decreasing returns to scale? Explain.

# Returns to scale

Provide one business example for increasing returns to scale and decreasing returns to scale respectively. How does this characteristic affect its business strategies? Justify your arguments.

# Returns to Scale

Determine whether the following production functions exhibit constant, increasing, or decreasing returns to scale.
A. Q = 10X + 4Y + 0.25Z
B. Q = 12L + 5K + 500
C. Q = 4A + 14B + 3AB
D. Q = 5L2 + 5LK + 5K2
E. Q = 3L0.3K0.4

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