Constant Returns to Scale Occur When the Firm's Long-Run

question 14

Multiple Choice

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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The unit of frequency in the International System of Units (SI), equal to one cycle per second, named after Heinrich Hertz.

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Mathematical curves that describe a smooth, repetitive oscillation; commonly used to represent periodic phenomena in physics and engineering.

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A unit used to measure the intensity of sound or the power level of an electrical signal by comparing it with a given level on a logarithmic scale.