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Your ice cream shop has the production function of Q = 2L0.7K0.6, where Q = number of ice creams produced. In the long run, this
Your ice cream shop has the production function of Q = 2L0.7K0.6, where Q = number of ice creams produced. In the long run, this production function has Law of Diminishing Returns Constant Returns to Scale Increasing Returns to Scale None of the options is correct. Decreasing Returns to Scale
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Economics for Managers
Authors: Paul G. Farnham
3rd edition
132773708, 978-0133561128, 133561127, 978-0132773706
