Multiple Choice
is a problem with using a production function of the form Q = aK + bL a > 0,b > 0) ?
A) MRTS is constant.
B) A positive output can be produced when one input is not used.
C) The marginal products of the inputs do not have diminishing marginal returns.
D) both a and b
E) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
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