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The table below shows the amount of output produced by a rm using two types of inputs, labor and capital. a. Is the rm operating
The table below shows the amount of output produced by a rm using two types of inputs, labor and capital. a. Is the rm operating in the shortrun or longam? Why? I]. Indentifj.Ir the range of output. when the rm experience: i. Increasing returns to scale; ii. Decreasing realms to scale; iii. Constant returns to scale
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