Consider the production function q = f(L,K) = ALªK®, where A, a, b are positive constants. For what values of A, a, and b are there diminishing marginal returns to labor L? What about diminishing marginal returns to capital? b. For what values of A, a, and b does the production process have diminishing marginal rate of technical a. substitution? c. For what values of A, a, and b are there constant/decreasing/increasing returns to scale?

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