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Quick answer please First selection choices are decreasing return to scale increasing return to scale Constant return to scale The diagram on the right represents

Quick answer please

First selection choices are

decreasing return to scale

increasing return to scale

Constant return to scale

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The diagram on the right represents a production technology governed by In the short-run the amount of capital is K = 40 units. Complete the following table for w = $15/hr., r = $15/hr. (round each response to the nearest penny): q = 1,000 q = 2,000 q = 3,000 ACSR Capital (hours) C (49,49) ACLR A' B (40,40) ------ K= 40 Long-run average costs are short-run average total C' costs. A (28,28) q = 3000 q = 2,000 q = 1,000 :20 :40 :60 Labor (hours)

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