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Many mining and mineral extraction processes tend to exhibit increasing returns to scale. Suppose copper mines have increasing returns, and the existing copper mines reduce their capital and labor inputs by 25 percent in response to a global recession. What is the expected impact on copper output?
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A bone in the spine (also known as a spinal bone) that encloses and protects the spinal cord, while also providing structural support to the body.
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A medical condition characterized by the drooping or falling of the upper eyelid.
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