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Please answer correct explain plz asap plz a and b Don't answer by pen paper plz True or False a. If there are increasing returns
Please answer correct explain plz asap plz a and b
Don't answer by pen paper plz
True or False
a. If there are increasing returns to scale, then average costs are a decreasing function of output.
b. The total cost function c(w1, w2, y) expresses the cost per unit of output as a function of input
prices and output.
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