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6Please give only typed answer Suppose the production of coastal bungflows can be represented as q = L 05 + K -5. Which of the

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6Please give only typed answer

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Suppose the production of coastal bungflows can be represented as q = L 05 + K -5. Which of the following statements is (are) TRUE? O Labor and capital are imperfect substitutes. O The isoquants for bungalows are convex. Labor is subject to diminishing marginal productivity in the short run. All of the above

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