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    variable input

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    If a firm finds itself operating in Stage I, it implies that

    variable inputs are extremely expensive.

    it overinvested in fixed capacity.

    it underinvested in fixed capacity.

    fixed inputs are extremely expensive.

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    https://brainmass.com/economics/macroeconomics/variable-input-152091

    Solution Preview

    In Stage 1 the variable input is being used with increasing efficiency, reaching a maximum (since the ...

    Solution Summary

    Examine variable input.

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