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Author Question: FIGURE 8-1Refer to Figure 8-1. For which of the four firms in the figure is output increasing more ... (Read 61 times)

yulisa3298

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Question 1




FIGURE 8-1

Refer to Figure 8-1. Which of the four firms in the figure is displaying constant returns to scale at all output levels?


◦ Firm A
◦ Firm B
◦ Firm C
◦ Firm D
◦ None of the four firms is displaying constant returns to scale.

Question 2




FIGURE 8-1

Refer to Figure 8-1. For which of the four firms in the figure is output increasing more than in proportion to inputs for all output levels?


◦ Firm A
◦ Firm B
◦ Firm C
◦ Firm D
◦ none of the four firms


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Marked as best answer by yulisa3298 on Oct 12, 2022

KAyteeBee1129

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yulisa3298

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review


Laurenleakan

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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