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Farmer Seth Has a Perfectly Flat Long- Run Average Total

Question 80

Multiple Choice

Farmer Seth has a perfectly flat long- run average total cost curve over the range of output from 1,000 tonnes of wheat to 10,000 tonnes of wheat. Hence, over this range of output, Farmer Seth definitely experiences


A) constant economies of scale.
B) constant returns to scale.
C) constant marginal returns.
D) None of the above.

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