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In the figure above: 1.        Y=F(A, K, L) satisfies the assumption of dim...

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In the figure above:

1.       

Y=F(A,

K, L) satisfies the assumption of diminishing return to labour

2.       

Y=F(A,

K, L) satisfies the assumption of diminishing return to capital

3.       

Y=F(A,

K, L) does not satisfy the assumption of the diminishing return to labour

4.       

Y=F(A,

K, L) does not satisfy the assumption of the diminishing return to capital

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