History, 15.07.2020 01:01 myzirajackson39
4. The rate of output for a product was 1,000 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?
Answers: 2
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4. The rate of output for a product was 1,000 units per month. The
company increased all inputs by...
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