Unformatted text preview: , 1 , 2 , 4 , 10 . Draw the sign of Y 00 along the continuous graph. At what levels is the yield slowing down? slowing down occurs when Y and Y 00 have opposite sign: increasing at slower rate (on ( 0 , 1 ) ) or decreasing but at a more positive rate (on ( √ 3 , ∞ ) ) Diminishing Returns: All else being equal, the added beneﬁt from an additional unit of input will eventually decrease. What does this say in terms of the ﬁrst and second derivative?...
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This note was uploaded on 12/27/2011 for the course MAC 2233 taught by Professor Smith during the Spring '08 term at University of Florida.
- Spring '08