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M15 In a Cobb-Douglas production function, do inputs display diminishing marginal returns? a. Yes, always. b. Yes, provided the sum of the exponents is smaller

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M15 In a Cobb-Douglas production function, do inputs display diminishing marginal returns? a. Yes, always. b. Yes, provided the sum of the exponents is smaller than one. C. Yes, provided each exponent is smaller than one. d. Uncertain, depends on the nature of the technology. e. No, never

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