Macroeconomics, Student Value Edition (7th Edition)
Macroeconomics, Student Value Edition (7th Edition)
7th Edition
ISBN: 9780134739038
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 11, Problem 11.2.2RQ
To determine

The consequences for growth of diminishing return to capital and understand the factors that help the economy to maintain high growth rate despite diminishing returns to capital.

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Figure: Demand 3 If the two-firm oligopoly facing the market in this diagram is currently producing at the competitive output level and one of the firm reduces output by 4 units, the firms' profits would increase from 564596. O50524 50 to $48 O532 548
Can you show me how to do part d?
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