True or false: A production function that displays increasing returns to scale must also display increasing marginal

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True or false: A production function that displays increasing returns to scale must also display increasing marginal returns to either labor or capital. Explain your answer, and provide an example that supports your explanation.

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Microeconomics

ISBN: 9781319105563

3rd Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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Question Posted: Feb 21, 2020 12:10 PM

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True or false: A production function that displays increasing returns to scale must also display increasing marginal

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False An example of a production function for which there are inc...View the full answer

Microeconomics

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