A firm that uses L, K, and Z as inputs has a technology with production function Which
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Which of the following statements is true?
a. The firm's technology satisfies the Productive Inputs Principle and has decreasing returns to scale.
b. The firm's technology satisfies the Productive Inputs Principle and has constant returns to scale.
c. The firm's technology does not satisfy the Productive Inputs Principle but has decreasing returns to scale.
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b The firms technology satisfies the Productive Inputs Principle and has con...View the full answer
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