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4 In the food and kindred products industry, it is estimated that the elasticity of output with respect to labor is 0.43 and the elasticity
4 In the food and kindred products industry, it is estimated that the elasticity of output with respect to labor is 0.43 and the elasticity of output with respect to capital is 0.48. These two measures indicate that the food and kindred products industry is characterized by ... O constant returns to scale. O increasing returns to scale. O decreasing returns to scale. O no returns to scale
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