Explain decreasing returns to capital and returns to labor, Microeconomics

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Explain decreasing returns to capital and returns to labor

Assume the generic production function Q=f(K,L) displays both decreasing returns to capital (K) and decreasing returns to labor (L), then:

Answer this production function will certainly display decreasing returns to scale.
this production function will certainly display constant returns to scale.
this production function will certainly display increasing returns to scale.
this production function may display increasing returns to scale.

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Microeconomics: Explain decreasing returns to capital and returns to labor

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Microeconomics: Explain decreasing returns to capital and returns to labor

Reference No:- TGS040316

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Estimated losses from uncollectible accounts

Q : What rate of return does japanese firm earn on investment

Q : How much overhead cost should be assigned

Q : Record the estimated losses from uncollectible accounts

Q : Explain decreasing returns to capital and returns to labor

Q : What happen to the wages earned by workers

Q : Why united states wanted german interest rate to be lower

Q : What net income for the current year is

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Explain decreasing returns to capital and returns to labor

Reference No:- TGS040316

Recent Questions Asked Microeconomics

Q : Estimated losses from uncollectible accounts

Q : What rate of return does japanese firm earn on investment

Q : How much overhead cost should be assigned

Q : Record the estimated losses from uncollectible accounts

Q : Explain decreasing returns to capital and returns to labor

Q : What happen to the wages earned by workers

Q : Why united states wanted german interest rate to be lower

Q : What net income for the current year is

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