9. Currently, 2 units of labor and 1 unit of capital produce 1 unit of output. If

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9. Currently, 2 units of labor and 1 unit of capital produce 1 unit of output. If you double both the inputs (4 units of labor and 2 units of capital), what can you conclude about the output produced under constant returns to scale? Decreasing returns to scale? Increasing returns to scale?

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Microeconomics And Behavior

ISBN: 9780073375946

8th Edition

Authors: Robert Frank, David Colander

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