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Business, 17.03.2020 00:25 aj2869

If the production function exhibits decreasing returns to scale in the steady state, an increase in the rate of population would lead to:. 1. no growth in total output or in output per worker. 2. growth in total output but no growth in output per worker. 3. growth in total output but a decrease in output per worker. 4. growth in total output and growth in output per worker

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If the production function exhibits decreasing returns to scale in the steady state, an increase in...
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