2014_alte grile_Recapitulare_RASPUNSURI

Is 98 10 8 7 if a firm doubles all inputs and output

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Unformatted text preview: 0 units with 6 workers and the average product for the 7th worker is 14, then the marginal product is 98 10 8 7 If a firm doubles all inputs and output more than doubles, there are increasing returns to the variable factor decreasing returns to scale increasing returns to scale constant returns to scale If the income elasticity of demand for cars is 3.2, this means that as income increases, the demand for cars increases more than 3 times consumers will decrease the demand for cars as income increases i...
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This document was uploaded on 01/25/2014.

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