Question: 4. Consider a farmer with available inputs equal to , and assume she has access to a production technology f(x) that exhibits globally decreasing returns

4. Consider a farmer with available inputs equal to , and assume she has access to a production technology f(x) that exhibits globally decreasing returns to scale. Show using mathematics) why the farmer can produce more by dividing the resources across m locations, where m > 1. Hint: Decreasing returns to scale implies that f(x) 1. Hint: Decreasing returns to scale implies that f(x)

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