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What is importance of production function

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Question

Based upon what we learned from our required learning activities from this week, what is the importance of the production function in determining how much input is required to produce a given output? In considering returns to scale, could you determine that if the number of police officers in a community are doubled, whether you would have an equal amount reduction in crime? If so, what type variables would you include in the calculation?

Reference no: EM133186578

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