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Production function of mega company

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The production function of MEGA Company is given by 5L(0.5)K(0.3)M(0.3), where L is labor, K is capital, and M is material. Based on this information, explain the following functions.

  1. Does the production function exhibit diminishing marginal return? Explain
  2. Does the production function exhibit decreasing return to scale? Explain
  3. Does the average product depend on the amount of other inputs used? Explain

Reference no: EM132218165

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