Your firm is producing a unique product and the marginal product with respect to x1 in your function αf(x1,x2) exhibits a decreasing marginal product trend. Is it possible for the output of this...


Your firm is producing a unique product and the marginal product with respect to x1 in your function αf(x1,x2)



 exhibits a decreasing marginal product trend. Is it possible for the output of this function to have increasing returns to scale?




Select one:



a.

Yes






b.

No








Jun 08, 2022
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