Do you think the mp marginal productivity figures in the, Ask an Expert

Economics

Do you think the MP (marginal productivity) figures in the presentation are based on a single variable factor, or all factors of production? Why? In the paper, what other input factors are necessary to make the holiday wreaths? Are those other factors considered variable in the long run? Why or why not? How can you tell if you have increasing or decreasing returns to scale for the holiday wreath example?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91915983

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