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PaulKet PaulKet
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6 years ago
Provide a graph and an explanation to show that the production function Q =  L0.5 K0.5 has diminishing marginal product of labor but has constant returns to scale.
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Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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SaHiN22SaHiN22
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PaulKet Author
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5 years ago
Thank you for helping me on my economics homework!
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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