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1. Given the following information about two bio-diesel production plants state whether there appear to be increasing or decreasing returns to scale. Plant Liters/year Total

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1. Given the following information about two bio-diesel production plants state whether there appear to be increasing or decreasing returns to scale. Plant Liters/year Total cost of refining plant Small, decentralized 2,500,000 Euros 900,000 Large, centralized 22,500,000 Euros 4,800,000

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