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The sixth looping machine adds 22 units of output to total production. When the seventh looping machine is added to the production line, total output
The sixth looping machine adds 22 units of output to total production. When the seventh looping machine is added to the production line, total output increases by 17 units. Which of these has occurred? diminishing returns to capital increasing returns to capital productivity catch-up effect
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Using Econometrics A Practical Guide
Authors: A. H. Studenmund
7th edition
013418274X, 978-0134182742
