Solved

Constant Returns to Scale Occur When

Question 14

Multiple Choice

Constant returns to scale occur when:


A) long-run average total costs are constant as output increases
B) marginal product of labour is falling
C) the firm's long-run average cost curve is falling as output increases
D) the firm's long-run average cost curve is rising as output increases

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q9: Graph 13-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 13-6

Q10: The marginal cost curve will intersect:<br>A)average variable

Q11: If a firm mothballs a factory so

Q12: From a firm's costs perspective, the long

Q13: Costs that have already been incurred and

Q15: Suppose a firm produced 200 units of

Q17: In some cases, specialisation allows larger factories

Q18: The efficient scale of the firm is

Q19: The time it takes for a firm

Q178: When economists speak of a firm's costs,