Respond to the following in a minimum of 175 words: Based upon what we learned from our required learning act
Respond to the following in a minimum of 175 words:
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?
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