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Dianajupiter1 Dianajupiter1
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3 years ago
Suppose the production of DVD players can be represented by the following production function: 
q = L0.4K0.4. Which of the following statements is (are) TRUE?

▸ The production function has decreasing returns to scale.

▸ The marginal productivity of labor falls as labor increases in the short run.

▸ Capital and labor can be substituted for one another.

▸ All of these.
Textbook 
Managerial Economics and Strategy

Managerial Economics and Strategy


Edition: 3rd
Authors:
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toria3toria3
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3 years ago
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Dianajupiter1 Author
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3 years ago
this is exactly what I needed
wyq2651
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Yesterday
Thanks
hannahspillett
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2 hours ago
Smart ... Thanks!
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