When Long-Run Average Total Cost Is Constant as Output Increases,the

question 3

True/False

When long-run average total cost is constant as output increases,the firm has constant returns to scale.

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Definitions:

Flexibility

The quality of bending easily without breaking; the ability of joints to move through their full range of motion.

Skill-related Fitness

Components of fitness that enhance one’s ability to perform athletic or sports skills, including agility, balance, coordination, power, reaction time, and speed.

Muscular Endurance

The ability of a muscle or muscle group to perform repeated contractions over a period without becoming exhausted.

Agility

The ability to move quickly and easily, often considered as physical dexterity.