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A firm doubles the quantity of all resources it employs and, as a result, output doubles. Which of the following is correct? Question 102 options:
A firm doubles the quantity of all resources it employs and, as a result, output doubles. Which of the following is correct? Question 102 options: The law of diminishing returns is proven wrong. The long-run average total cost curve is flat. There are increasing returns to scale. The example is for the short-run rather than the long-run
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
