If a Firm Has Increasing Returns to Scale at All

question 175

Multiple Choice

If a firm has increasing returns to scale at all levels of output, the

• A)slope of its long-run total cost curve is always negative.
• B)slopes of its short-run average cost curves are always negative.
• C)slope of its long-run average cost curve is always negative.
• D)slope of its production function is always negative.

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Definitions:

Ecstasy

A state of overwhelming joy or rapture, also the common name for MDMA, a psychoactive drug.

Amphetamine

A type of stimulant medication that affects the central nervous system and is used to treat conditions such as ADHD and narcolepsy.

Caffeine

A central nervous system stimulant found in coffee, tea, and various other foods and drinks, known to boost alertness and energy levels.

Cardiovascular Functioning

The performance of the heart and blood vessels in circulating blood throughout the body, essential for delivering oxygen and nutrients to tissues and removing waste products.