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1. Suppose a firm uses only capital and labor for production. The top curve on the graph shows an isoquant curve for producing 5 units

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1. Suppose a firm uses only capital and labor for production. The top curve on the graph shows an isoquant curve for producing 5 units of output. The bottom is for producing 2. Does the technology of the firm satisfy convexity? Explain why or why not. L q=5 q=2 K

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