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AP Microeconomics
Unit 3 – Production, Cost, and the Perfect Competition Model
Topic 3.1
Unit 3 – Production, Cost, and the Perfect Competition Model
3.1 The Production Function
mixed difficulty
What does returns to scale refer to?
How costs scale with output.
How output scales with inputs.
How revenue scales with production.
How inputs scale with revenue.
Study guides (1)
AP Microeconomics - 3.1 The Production Function
Key terms
Returns to Scale
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