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Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088 Exercise 14
If output increases by 20 percent when one of two inputs increases by 20 percent, are there constant returns to scale? Why or why not?
Explanation
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No; there are no constant returns to sca...
Macroeconomics 8th Edition by David Colander
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