Question
Do the following product features have increasing, constant or decreasing scale yield? What will happen with the boundary productivity of each of the input factors
Do the following product features have increasing, constant or decreasing scale yield? What will happen
with the boundary productivity of each of the input factors when you keep the other constant?
A. Q=3L+2K
B. Q=(2L+2K)^0,5
C. Q=3LK^2
D. Q=L^0,5K^0,5
E. Q=4L^0,5+4K
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Industrial Relations in Canada
Authors: Fiona McQuarrie
4th Edition
978-1-118-8783, 1118878396, 9781119050599 , 978-1118878392
