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Scale effects
a. Why does the varieties model of technological change from section 6.1 exhibit a scale effect in the sense that the growth rate rises with the aggregate quantity of labor, L? Is it reasonable to identify L empirically with a country's population?
b. What happens in this model if population, L, grows at a constant positive rate?
c. What types of modifications to the model would eliminate the scale effects?
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Quantity.Price .Total Revenue. Marginal Revenue 0 55 10 50 20 45 30 40 40 35 50 30 Please find TR and MR
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