The returens to scale charcateristic of production system

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Reference no: EM131161964

Explain the follow question

1. When Px=$100, MPx=10 and MRq=$5, the marginal revenue product of X equals

2. The returens to scale charcateristic of a production system, shows the relation between output and the variation in all inputs

3. Returens to a factor denotes the relation between the quantity of an individual input employed and the level of output produced.

Reference no: EM131161964

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