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Unformatted text preview: We have: Q’ = 3 > 1 Production function doesn’t obey the law of diminishing returns b. If K = 4 Q = 16L 2 Graph the short-run total product curves: We have: Q’ = 32L. L is always integer so Production function doesn’t obey the law of diminishing returns...
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- Spring '09
- Binary relation, Graph of a function, Total Product Curves