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Currently, 2 units of labour and 1 unit of capital produce 1 unit of output. If you double both the inputs (4 units of labour
Currently, 2 units of labour and 1 unit of capital produce 1 unit of output. If you double both the inputs (4 units of labour and 2 units of capital), what can you conclude about the output produced under constant returns to scale? Decreasing returns to scale? Increasing returns to scale?
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