For the production function, Q = ALαKβ
A. The coefficient A shows managerial efficiency
B. If α + β > 1, then the production function exhibits increasing returns to scale
C. Marginal rate of technical substitution of L for K is given by βk/αL
D. The marginal product of capital is given by βQ/K
1
A, B and C only
2
A, B and D only
3
A, C and D only
4
A, B, C and D only