Re: ISI Interview Question

Posted by Asd1995 on Jun 19, 2017; 4:47am
URL: http://discussion-forum.276.s1.nabble.com/ISI-Interview-Question-tp7605699p7605848.html

Dude, may bad. Returns to scale <1 ensures decreasing average costs hence positive marginal costs to MR=MC cannot hold at e<1.