Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder

تمرين 32

Marjorie Cplus wrote the following answer on her micro examination: ''Virtually every production function exhibits diminishing returns to scale because my professor said that all inputs have diminishing marginal productivities. So when all inputs are doubled, output must be less than double.'' How would you grade Marjorie's answer?