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Author Question: The problem of the commons is the absence of incentives to prevent overuse and depletion of the ... (Read 23 times)

Cooldude101

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on: Jun 29, 2018
The problem of the commons is the absence of incentives to prevent overuse and depletion of the common resource.
 
  Indicate whether the statement is true or false

Question 2

Assume the marginal product for a particular good is constant. Describe the shape of the total product function that would accompany it.
 
  What will be an ideal response?


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ndhahbi

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

The total product function would be upward-sloping and linear.


Cooldude101

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Reply #2 on: Jun 29, 2018
Thank you :)


ndhahbi

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Reply #3 on: Jun 29, 2018
Happy to help you


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