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Microeconomics

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Law of Diminishing Marginal Returns: Equation Edition

MICRO-RIY9NO

Which of the following production functions obey the law of diminishing marginal returns? Select ALL that apply.

A

$f(L) = L$

B

$f(L) = -L$

C

$f(L) = L^2$

D

$f(L) = -L^2$

E

$f(L) = L^2 - L^3$

F

$f(L) = ln(L)$