Order the answer to: In the short run, a firm cannot vary its capital,

Academic Help business-economics Order the answer to: In the short run, a firm cannot vary its capital,

business-economics

Order the answer to: In the short run, a firm cannot vary its capital,

Question In the short run, a firm cannot vary its capital, K? = 2, but it can vary its labor, L. It produces output q. Explain why the firm will or will not experience diminishing marginal returns to labor in the short run if its production function is q = 10L + K?
Subject business-economics
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