This is the CobbDouglas production function 4.7 for which panel b of Figure 4.2 is drawn. How
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This is the Cobb–Douglas production function 4.7 for which panel b of Figure 4.2 is drawn. How do your results for the average and marginal products relate to the feasibility of indefinite constant consumption despite the fact that Q = 0 for R = 0?
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Natural Resource And Environmental Economics
ISBN: 9780273655596
3rd Edition
Authors: Roger Perman, Yue Ma, Michael Common, David Maddison, James Mcgilvray
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