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EC311 · Intermediate Microeconomics

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EC311 / TOPIC 19

6.1 Firms, marginal product and scale

One idea · follow the reasoning · then practise1 / 9

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How does increasing one input differ from scaling all inputs together?

Logs and rocks flow into a factory and emerge as wooden pieces and a chair, with stacks of coins below
VISUAL NOTE · Production and cost Inputs become output

How does adding workers at fixed capital differ from scaling the whole plant?