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Output a Q7) [15 points] Given the graph of the production function below 122 68 58 56 55 53 50 45 10 47 10 35
Output a Q7) [15 points] Given the graph of the production function below 122 68 58 56 55 53 50 45 10 47 10 35 35 31 10 9 15 12 7 Input y S how X a) What is the marginal product of input X given that input Y is held at 5? b) What is the output elasticity of the Y input if x is fixed at 10 and Y is increased from 1 to c) What can you say about returns to scale of this production function? d) Find total product, Average product, and Marginal product for the 5th unit of input Y=1
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