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Economics

The following data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.

Q	LTC
1	33
2	54
3	75
4	100
5	150
6	228
7	350

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9166087

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