Which of the Following Cost Curves Demonstrate Increasing Returns to Scale

question 118

Multiple Choice

Which of the following cost curves demonstrate increasing returns to scale?

• A)a vertical long- run average cost curve
• B)an upward- sloping long- run average cost curve
• C)returns to scale have nothing to do with the shape of the long- run average cost curve
• D)a horizontal long- run average cost curve
• E)a downward- sloping long- run average cost curve

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