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Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder
Edition 12ISBN: 978-1133189022Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder
Edition 12ISBN: 978-1133189022 Exercise 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?
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Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder
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