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smitch6 smitch6
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6 years ago
Increasing returns to scale refers to
A) more total factor productivity leading to greater aggregate output.
B) lower real interest rates leading to greater aggregate output.
C) output doubles as all inputs double.
D) output more than doubles as all inputs double.
E) marginal product of labour diminishes when quantity of capital increases.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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