=+output. Increasing returns to scale occurs when output more than doubles when inputs are doubled; decreasing returns

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=+output. Increasing returns to scale occurs when output more than doubles when inputs are doubled; decreasing returns to scale applies when output less than doubles.

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Oct 26, 2024 04:00 AM

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=+output. Increasing returns to scale occurs when output more than doubles when inputs are doubled; decreasing returns to scale applies when output less than doubles.
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=+output. Increasing returns to scale occurs when output more than doubles when inputs are doubled; decreasing returns

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Microeconomics

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