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Business, 24.04.2020 20:44 zyairemitchell44

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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Many mining and mineral extraction processes tend to exhibit increasing returns to scale. Suppose co...
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