Problem
Marjorie Cplus wrote the following answer on her micro examination: ‘‘Virtually every production function exhibits diminishing returns to scale because my professor said that all inputs have diminishing marginal productivities. So when all inputs are doubled, output must be less than double.'' How would you grade Marjorie's answer?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.