please I need explaination Suppose a production process exhibits increasing marg

Question

please I need explaination

Suppose a production process exhibits increasing marginal costs throughout a production range. Which one of the graphs below most likely represents its production function?

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Which one of the graphs above represents a production function with both increasing and decreasing returns to scale?

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Suppose a production process exhibits increasing marginal costs throughout a production range. Which one of the graphs below most likely represents its production function?

Explanation / Answer

Q1. Option 4. In graph D, the output keeps decreasing at a constant rate which makes the marginal cost to increase with the increase in output

Q2. Option 3. In graph C, initially the output increases at an increasing rate which represents increasing returns to scale whereas the output starts to increase at a decreasing rate which represents decreasing returns to scale

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