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Economics

if a production function does not have diminishing marginal returns to capital or labor, does that imply that it also has increasing returns to scale? briefly explain.

A company currently sells 60,000 units a month at $10 per unit. The variable cost per unit is $6. The company decided to raise the price about 10%. Explain how much change in the number of units sold can the company afford and still be no worse off?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9223779

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