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Diminishing returns and decreasing returns

Describe what is the difference between diminishing returns and decreasing returns to scale and what kind of returns to scale are possible - observed in healthcare organization? Why? What is the relationship between returns to scale and cost curves? Can you assess the shape of the long-run average cost curve for a hospital organization? You do not need to estimate the cost function, merely, on the basis of your knowledge of healthcare, what do you think the curve looks like and why?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9308063

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