=+e. We have done all our analysis under the assumption that labor is the only input into
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=+e. We have done all our analysis under the assumption that labor is the only input into hamburger production. Now suppose that labor and capital were both needed in a homothetic, decreasing returns to scale production process. Would any of your conclusions change?
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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