Does that imply that factors are perfect complements

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Reference no: EM131504954

Question: (a) Do diminishing marginal returns to a factor imply diminishing average returns to a factor?

(b) Do diminishing marginal returns to a factor imply diminishing returns to scale?

(c) If every factor generates diminishing marginal returns to a factor, does that imply factors are perfect substitutes for each other?

(d) If every factor generates diminishing marginal returns to a factor, does that imply that factors are perfect complements?

Reference no: EM131504954

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