Business, 21.04.2020 18:36 10040813

Constant returns to scale occur when the firm’s long-run
a. total costs are constant as output increases.
b. average total costs are constant as output increases.
c. average cost curve is falling as output increases.
d. average cost curve is rising as output increases.

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Constant returns to scale occur when the firm’s long-run
a. total costs are constant as outpu...

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