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If a production function exhibits decreasing returns to scale, the LTC curve increases at a(n) ____ rate and the LMC and LAC curves are linear
If a production function exhibits decreasing returns to scale, the LTC curve increases at a(n) ____ rate and the LMC and LAC curves are linear and ____ sloped. Multiple choice question. increasing; negatively decreasing; zero decreasing; positively
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Microeconomics
Authors: Jeffrey M. Perloff
8th edition
134519531, 978-0134519531
