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A competitive firm's production function isf(x,x)=8 (x )0.2+ 8 (x2)0.2. This firm exhibits Group of answer choices decreasing returns to scale None of the above.
A competitive firm's production function isf(x,x)=8 (x )0.2+ 8 (x2)0.2.
This firm exhibits
Group of answer choices
decreasing returns to scale
None of the above.
constant returns to scale
not enough information to answer.
increasing returns to scale
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