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Microeconomics Video Worksheet, Chapter 7 Returns to Scale What is one option for producing more coffee? What happens to your production as you hire more
Microeconomics Video Worksheet, Chapter 7 Returns to Scale What is one option for producing more coffee? What happens to your production as you hire more workers? Diminishing Marginal Product occurs as you add more and more of one ___________ while holding _________________________ . If you double the size of all your resources and your output also doubles, we call that _________ ______________________________ . If your output more than doubled, we call that _______________________________________ . If your output increases but doesn't quite double, we call that ____________________________ ______________________________ . Returns to Scale help you decide if you should _____________ the size of your _____________ _________________ or open a _____________ store somewhere else
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