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If Jake's doubled his fixed and variable inputs from 20 to 40, his output increased from 100 units to 160 units, his firm is currently
If Jake's doubled his fixed and variable inputs from 20 to 40, his output increased from 100 units to 160 units, his firm is currently experiencing: 2 Economies of Scale Constant Returns to Scale Diseconomies of Scale Diminishing marginal cost Increasing marginal cost
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Price Theory and Applications
Authors: Steven Landsburg
9th edition
1285423526, 978-1285947877, 1285947878, 978-1285423524
