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If a Firm Has Constant Returns to Scale,the Long-Run Cost

question 26

True/False

If a firm has constant returns to scale,the long-run cost curve will be downward-sloping.


Definitions:

Earnings Per Share

A company's net profit divided by the number of its outstanding shares, indicating the profitability per share.

Merger Premium

The additional amount an acquirer pays over the current market price of a target company's shares during a merger or acquisition.

Market Price

The price at this moment for buying or selling an asset or service.

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