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    Microeconomics Theory with Applications
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    Exam 7: Production Cost: Many Variable Inputs
  5. Question
    Fixed Proportions Production Functions Always Have
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Fixed Proportions Production Functions Always Have

Question 4

Question 4

Multiple Choice

Fixed proportions production functions always have:


A) varying returns to scale.
B) constant returns to scale.
C) increasing returns to scale.
D) decreasing returns to scale.

Correct Answer:

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