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pjmierek92 pjmierek92
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3 years ago
If you are running a winery and you need one bottle for every 750ml of wine, then your production function

▸ is inefficient.

▸ is considered "fixed-proportion."

▸ will have a diminishing marginal rate of technical substitution.

▸ has downward-sloping, straight line isoquants.
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Managerial Economics and Strategy

Managerial Economics and Strategy


Edition: 3rd
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Joelle12Joelle12
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3 years ago
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pjmierek92 Author
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3 years ago
This helped my grade so much Perfect
bbbbbbbh
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Yesterday
this is exactly what I needed
dedricgard
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2 hours ago
Smart ... Thanks!
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