Explain the counter-intuitive proof of diminishing marginal productivity: if the law of diminishing marginal productivity does not hold, then the world’s supply of food can be produced in one square meter of land

Explain the counter-intuitive proof of diminishing marginal productivity: if the law of diminishing marginal productivity does not hold, then the world’s supply of food can be produced in one square meter of land

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter8: Production And Costs

Section8.3: Production

Problem 2ST

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