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Which one of the total cost functions showcase increasing return to scale? A: TC=0.75*Q1.5 B: TC=0.75*Q2+0.03*Q...

Which one of the total cost functions showcase increasing return to scale?

  • A: TC=0.75*Q1.5
  • B: TC=0.75*Q2+0.03*Q
  • C: TC=0.75*Q0.5

*TC represents total cost and Q is output.

answer choices

a and b.

Only c

Only a

a and c

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Answer #1

Ans: both a and b

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