If capital and labour are perfect complements then the marginal products of capital and labour are undefinedA TrueFaiseQuestion 16A firm uses 10 units of labour and 20 units of capital to produce 10 units of output. The marginal product of labour is 0.5. If thereare constant returns to scale the marginal product of labour must be 0.25TrueB FalseQuestion 17Afirm uses 10 units of labour and 30 units of capital to produce 10 units of output. The marginal product of labour is 05. If thereare constant returns to scale the marginal product of labout must be 0.25A TrueFalse

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If capital and labour are perfect complements then the marginal products of capital and labiour are undefined A True DFaise

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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