Question
A firm has the production functionf(x,y)=x^0.8.y. This firm has decreasing returns to scale and decreasing marginal products for factor x . increasing returns to scale
A firm has the production functionf(x,y)=x^0.8.y. This firm has
decreasing returns to scale and decreasing marginal products for factorx.
increasing returns to scale and increasing marginal product for factorx.
decreasing returns to scale and increasing marginal product for factorx.
constant returns to scale.
None of the above.
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Public Relations
Authors: Tom Kelleher
1st Edition
0190201479, 9780190201470
