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    Microeconomics Study Set 49
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    Exam 6: Inputs and Production Functions
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    Returns to Scale Pertains to the Impact on Output of Increasing
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Returns to Scale Pertains to the Impact on Output of Increasing

Question 96

Question 96

True/False

Returns to scale pertains to the impact on output of increasing all inputs simultaneously; diminishing marginal returns pertains to the impact of changing a single input while holding all other inputs constant.

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