Question: Compute where f (x, y) = 60x 3/4 y 1/4 , a production function (where x is units of labor). Explain why is always negative.
Compute
where f (x, y) = 60x3/4y1/4, a production function (where x is units of labor). Explain why![]()
is always negative.
fre .+2'
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the law of diminishing returns which says that as additional units ... View full answer
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