Fill in the blanks with flexible or inflexible: Diminishing returns is applicable when a firm is __________in

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Fill in the blanks with “flexible” or “inflexible”:

Diminishing returns is applicable when a firm is __________in choosing inputs, but does not apply when a firm is __________in choosing its inputs.

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Macroeconomics Principles Applications And Tools

ISBN: 123885

8th Edition

Authors: Arthur OSullivan ,Steven Sheffrin ,Stephen Perez

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