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Increasing the input of both factors, for a constant-returns-to-scale Cobb-Douglas production function, implies: (a) increasing output at a diminishing rate (b) increasing output at a
Increasing the input of both factors, for a constant-returns-to-scale Cobb-Douglas production function, implies:
(a) increasing output at a diminishing rate
(b) increasing output at a constant rate
(c) increasing output at an increasing rate
(d) decreasing output at an increasing rate
(e) decreasing output at a diminishing rate
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