Yalmar6234 Yalmar6234
  • 24-10-2017
  • Business
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The efficiency frontier has a convex shape because of

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W0lf93
W0lf93 W0lf93
  • 04-11-2017
This is due to diminishing returns on inputs. When a person creates something from inputs, the rate increases quickly at first, but will tend to level off because production will become inefficient after a certain level of inputs have been used.
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