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Theory of diminishing returns Indicate whether each of the following statements is true or false and give the reason.

Theory of diminishing returns

Indicate whether each of the following statements is true or false and give the reason. (a) A firm should stop expanding output after reaching diminishing returns and (b) if large and small firms operate in the same industry, we must have constant returns to scale.
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Economics-8091651.doc

Indicate whether each of the following statements is true or false and give the reason. (a) A firm
should stop expanding output after reaching diminishing returns
TRUE
In the short run the stage...

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