Multiple Choice
For a firm,what does "constant returns to scale" refer to
A) Short-run average total cost changes at a constant rate as the quantity of output changes.
B) Short-run average total cost does not change as the quantity of output changes.
C) Long-run average total cost does not change as the quantity of output changes.
D) Long-run average total cost changes at a constant rate as the quantity of output changes.
Correct Answer:

Verified
Correct Answer:
Verified
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