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The rate of output for a product was 1,00 units per month. The company increased all inputs by 20 percent and output increased to 1,500
The rate of output for a product was 1,00 units per month. The company increased all inputs by 20 percent and output increased to 1,500 units per month. Are the returns to scale increasing, decreasing or constant for this product? What should happen to the production cost per unit?
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