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3. Suppose a firm tripled the amount of labor and capital used in the pro- duction process and that this change lead to less than

3. Suppose a firm tripled the amount of labor and capital used in the pro- duction process and that this change lead to less than a tripling of output. We would say that this firm's production process satisfies: (a) invariant returns to scale. (b) increasing returns to scale. (c) decreasing returns to scale. (d) constant returns to scale. (e) the "Law of Diminishing Returns

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