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ONE: CONCEPTS IN FIRM THEORY a) Describe the three types of returns to scale as used in producer theory [3 Marks] b) Using appropriate diagram,
ONE: CONCEPTS IN FIRM THEORY a) Describe the three types of returns to scale as used in producer theory [3 Marks] b) Using appropriate diagram, describe three main characteristics of an isoquant curves. c) Using an appropriate diagram, show a production possibility frontier
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