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Q. Consider a Production function 9 = (LL ), where y 70 1. Find the range of y such that the production has strictly diminishing
Q. Consider a Production function 9 = (LL ), where y 70 1. Find the range of y such that the production has strictly diminishing and strictly Positive marginal Products of labour and capital. 2. Find the range of y such that the Production function exhibits diminishing returns to scale
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