Suppose that you are given a cost function c(w,r,x)=wrx 2 . Then you can conclude that the technology of the producer is characterised by: constant…

Suppose that you are given a cost function c(w,r,x)=wrx2. Then you can conclude that the technology of the producer is characterised by:

a. constant returns to scale

b. decreasing returns to scale

c. Increasing returns to scale

d. There is not enough information to answer