Universal Gizmo (UG) operates a large number of plants that produce gizmos using a special technology. Each

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Universal Gizmo (UG) operates a large number of plants that produce gizmos using a special technology. Each plant produces exactly 100 gizmos per day using 5 gizmo presses and 15 workers. Explain why the production function for the entire UG firm exhibits constant returns to scale?
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Related Book For  answer-question

Intermediate Microeconomics and Its Application

ISBN: 978-1133189039

12th edition

Authors: Walter Nicholson, Christopher M. Snyder

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