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Determine the range of outputs

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Reference no: EM13100573

The following data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.

Q  LTC
1   33
2   54
3   75
4   100
5   150
6   228
7   350

Reference no: EM13100573

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