Question: Question 1. (15 points) Can a technology exhibit increasing returns to scale even though all of its marginal products are diminishing? Explain why yes or

Question 1. (15 points) Can a technology exhibit increasing returns to

Question 1. (15 points) Can a technology exhibit increasing returns to scale even though all of its marginal products are diminishing? Explain why yes or why no (hint: you can do this by providing an example)

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