State if true, false or uncertain and Explain: A firm with constant returns to scale technology does not experience diminishing marginal product of labour. In a consumption savings model, a positive income effect will result in more consumption in the first period and, therefore, will reduce savings.

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State if true, false or uncertain and Explain:

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A firm with constant returns to scale technology does not experience diminishing marginal product of labour.

In a consumption savings model, a positive income effect will result in more consumption in the first period and, therefore, will reduce savings.

 

 

State if true, false or uncertain and Explain:

A firm with constant returns to scale technology does not experience diminishing marginal product of labour.

In a consumption savings model, a positive income effect will result in more consumption in the first period and, therefore, will reduce savings.

 

 

State if true, false or uncertain and Explain:

A firm with constant returns to scale technology does not experience diminishing marginal product of labour.

In a consumption savings model, a positive income effect will result in more consumption in the first period and, therefore, will reduce savings.

 

 

State if true, false or uncertain and Explain:

A firm with constant returns to scale technology does not experience diminishing marginal product of labour.

In a consumption savings model, a positive income effect will result in more consumption in the first period and, therefore, will reduce savings.

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