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Eduncle posted an MCQ
October 18, 2019 • 17:51 pm 0 points
  • UGC NET
  • Economics

The Inada conditions are applicable to

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    Eduncle Best Answer

    The Inada conditions are assumptions underlying the shape of the production function and were introduced by Hirofumi Uzawa. A continuously differentiable production function f : X ® Y where  and   will be called 'well-behaved' if,
    (a) f(x)at x = 0.
    (b) the function is concave on X, that is the marginal returns on inputs are positive but decreasing.
    (c)
    (d)

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