=+still be true if the production function exhibited increasing or decreasing returns to scale? Explain. (For the

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=+still be true if the production function exhibited increasing or decreasing returns to scale?

Explain. (For the defi nitions of increasing and decreasing returns to scale, see Chapter 3, “Problems and Applications,” Problem 3.)

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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=+still be true if the production function exhibited increasing or decreasing returns to scale? Explain. (For the

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Macroeconomics

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