Is it possible to have diminishing returns to a single factor of production and constant returns to

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Is it possible to have diminishing returns to a single factor of production and constant returns to scale at the same time? Discuss.

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:20 AM

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Is it possible to have diminishing returns to a single factor of production and constant returns to

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Diminishing returns and returns to scale are completely different concepts so it is quite possibl...View the full answer

Microeconomics

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