What values of a and b is there diminishing technical rate


Problem

Suppose that the production function is f(x1, x2) = b(x1a + x2a), where a and b are positive constants.

1. For what values of a and b is there a diminishing technical rate of substitution?
2. For what values of a and b does the production function exhibit decreasing returns to scale?

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Microeconomics: What values of a and b is there diminishing technical rate
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