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Consider the following production function Y = F(K; L) = AK + BL; which is not neoclassical. Are marginal products positive and diminishing? Are returns

Consider the following production function

Y = F(K; L) = AK + BL;

which is not neoclassical.

Are marginal products positive and diminishing? Are returns to scale constant? Does the production function satisfy the Iada conditions?

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