The Main Properties of a Neoclassical Aggregate Production Function Are

Multiple Choice

The main properties of a Neoclassical aggregate production function are ________ when all factors are increased proportionally and ________ when any one factor is increased on its own.

A) increasing returns to scale; diminishing marginal returns
B) constant returns to scale; diminishing marginal returns
C) constant returns to scale; constant marginal returns
D) decreasing returns to scale; diminishing marginal returns
E) increasing returns to scale; increasing marginal returns