Question: 9.8 Show that Euler's theorem implies that, for a constant returns-to-scale production function [q=f(k,l)], q=fk+fil Use this result to show that, for such a production

9.8 Show that Euler's theorem implies that, for a constant returns-to-scale production function [q=f(k,l)], q=fk+fil Use this result to show that, for such a production function, if MP, > AP, then MP, must be negative. What does this imply about where production must take place? Can a firm ever produce at a point where AP, is increasing?

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