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Determine whether the following statements is true or false and explain why you think so. A firm has production function (x 1 , x 2

Determine whether the following statements is true or false and explain why you think so.

A firm has production function (x₁, x₂ ) = (2x₁ + 4x₂)^1/2 . For both inputs, there are diminishing marginal productivities.

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