Question
1. given the production function y= af(k,n), what is the relationship between y, and k, and n y,and a? explain what does diminish return to
1. given the production function y= af(k,n), what is the relationship between y, and k, and n y,and a? explain what does diminish return to capital and labor suggest about the role capital and labor have an impacting output. What does A capture?
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Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
