Describe the relationship between marginal productivity and average productivity.Use calculus or a graph to support your answer.
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Q55: A firm operating with diminishing total returns
Q56: Q57: For a linear production function,q = f(L,K)= Q58: At low levels of production,marginal productivity of Q59: Each additional worker produces two extra units Q61: Suppose that additional units of capital affect Q62: L-shaped isoquants imply that production requires that Q63: If inputs into production cannot be substituted Q64: An isoquant represents levels of capital and Q65: ![]()
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