Multiple Choice
Constant returns to scale occur when
A) the marginal cost curve lies below the average cost curve.
B) the marginal cost curve is increasing at a decreasing rate.
C) an increase in all resources results in exactly proportionate increases in output.
D) the long-run average cost curve is declining.
E) an increase in all resources causes no change in output.
Correct Answer:

Verified
Correct Answer:
Verified
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