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A firm that produces 10 units of output has a technology given by: C(q) = 60-10q+q^2 , where C(q) is cost and q is quantity
A firm that produces 10 units of output has a technology given by: C(q) = 60-10q+q^2 , where C(q) is cost and q is quantity produced. Based on this, we can say that the firm attains: Group of answer choices negative returns to scale zero returns to scale constant returns to scale increasing returns to scale decreasing returns to scale
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
