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Operation of the law of diminishing returns

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Reference no: EM131281067

True or false (explain in each case)? The economy wide demand curve for input A will be more elastic:

a. The more elastic is consumer demand for products that use input A .

b. The weaker is the operation of the Law of Diminishing Returns as employment of A increases.

c. The more elastic is the supply of inputs complementary to A .

Explain in details each points.

Reference no: EM131281067

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