Question
Course: Introduction to Economics Comment on following statements if they are true, false, or it depends a) Camila, in her sleepwalking state, paraphrased following In
Course: Introduction to Economics Comment on following statements if they are true, false, or it depends a) Camila, in her sleepwalking state, paraphrased following "In short term, as in long term, productive factors such as buildings, technology, equipment, number of workers and some materials (such as oil, plastic and paper), cannot be adjusted".
b) Patricio is a visionary. He believes that more is always better, so he tells us that, by increasing the productive factors, this generates a great increase in the company's productivity.
c) One of his economics assistants tells him that in a production function he can observe 3 sections worthy of note, a section of increasing returns to the factor, a section of decreasing returns to the factor, and a section in which the production function ceases to be defined, show graphically and economically the reason for these phenomena and relate them to the marginal and average productivity.
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