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Suppose It Takes 50 Workers and 80 Units of Capital

question 66

Essay

Suppose it takes 50 workers and 80 units of capital to product 400 televisions a day.If 55 workers and 88 units of capital are involved in producing 444 units of televisions a day,is the firm experiencing increasing returns to scale,constant returns,or decreasing returns to scale?


Definitions:

Peripheral Vision

The ability to see objects and movement outside of the direct line of vision.

Cones

Specialized cells in the retina of the eye responsible for color vision.

Saturated Color

A color that is fully intense and vivid, without any addition of white, black, or gray, resulting in the purest form of the color.

Single Wavelength

A specific frequency of light or electromagnetic radiation, often used in scientific and technical contexts to describe a monochromatic beam.

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