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August 11, 2020 5:09 pm 30 pts
64. For given production function P=p (K, L) under Constant Returns to Scale, Eulers theorem will be (1) P- dK+d OL aP (2) PdK +d (3) PdK +dL (4) PdK aL . 65. If y=|1+, then dx dx log(x+1)-ei
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64. The correct answer is (1). The Euler's theorem is also known as product exhaustion theorem. According to it, total product if distributed among factors of production based on ...