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4. Suppose that a firm increases all of its input by 25% and, as a result, output produced increases by 20%. The firm's output elasticity
4. Suppose that a firm increases all of its input by 25% and, as a result, output produced increases by 20%. The firm's output elasticity is and production is subject to A) 80% diminishing marginal productivity B) 08 decreasing returns to seale C) 3% increasing inefficiency D) 10. constant returns to scale E 1.25: increasing returns to scale
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