Multiple Choice
Figure 13-9
The figure below depicts average total cost functions for a firm that produces automobiles.
-Refer to Figure 13-9. The firm experiences constant returns to scale at which output levels?
A) output levels less than M
B) output levels between M and N
C) output levels greater than N
D) All of the above are correct as long as the firm is operating in the long run.
Correct Answer:

Verified
Correct Answer:
Verified
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