True/False
If a firm builds a larger plant and its long-run average total cost does not change, the firm has constant returns to scale.False
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q165: When marginal cost is above average variable
Q166: For Heidi, the marginal cost of producing
Q167: Buford Bus Manufacturing installs a new assembly
Q168: The marginal product of labor is the
Q170: A firm that has diminishing returns in
Q171: Figure: The Total Product <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt="Figure:
Q172: Average variable cost is:<br>A)the firm's variable cost
Q173: (Table: Costs for Birthday Cakes) Annie has
Q174: You have rented a one-room apartment and
Q224: Total cost divided by the quantity of