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Constant returns

For each of the following total cost curves, determine if the technology exhibits increasing, decreasing, or constant returns to scale.

June 9, 2022 by Anthony

Technology. For each of the following total cost curves, determine if the technology exhibits increasing, decreasing, or constant returns to scale. a. TC(q) = q2b. TC(q) = √qc. TC(q) = 2qd. TC(q) = 2q + 4

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