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Consider a large complex financial institution such as JPMorgan. Here output may be considered the number of new loans originated or M&A deals completed, etc.
Consider a large complex financial institution such as JPMorgan. Here output may be considered the number of new loans originated or M&A deals completed, etc. The inputs are primarily capital and labor. In your view, will JP Morgan have constant, increasing or decreasing returns to scale? Briefly explain your choice
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