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In a production process, all inputs are increased by 10%; but output increases less than 10%. This means that the firm experiences: Select one: a.
In a production process, all inputs are increased by 10%; but output increases less than 10%. This means that the firm experiences: Select one: a. decreasing returns to scale. b. negative returns to scale. increasing returns to scale. d. constant returns to scale
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Applied Econometric Time Series
Authors: Walter Enders
4th Edition
1118808568, 9781118808566
