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Please Answerer these short answer questions, I have been having some difficulty grasping the concept, thank you! -show an expression for a cobb-Douglas production function
Please Answerer these short answer questions,
I have been having some difficulty grasping the concept, thank you!
-show an expression for a cobb-Douglas production function with decreasing returns to scale.
-draw the total cost function for a firm that shows decreasing returns to scale (DRS).
-Draw the total revenue curve for a price-taking firm.
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