If a Firm Experiences Constant Returns to Scale at All

question 145

Multiple Choice

If a firm experiences constant returns to scale at all output levels, then its long-run average total cost curve would

• A)slope downward.
• B)be horizontal.
• C)slope upward.
• D)slope downward for low output levels and upward for high output levels.

---

Definitions:

WWI Recruits

Individuals conscripted or volunteered for military service during World War I, often subject to various tests for intelligence and capability.

Rating Scales

Scales developed to assess any of a number of attributes of the examinee. Can be rated by the examinee or someone who knows the examinee well. Some commonly used rating scales include numerical scales, Likert-type scales (graphic scales), semantic differential scales, and rank-order scales. A type of informal assessment.

Psychopathology

The study of psychological disorders, including their symptoms, etiology (causes), and treatment.

Treatment Planning

The process of creating a structured approach to therapy, outlining goals, methods, and timing, tailored to the needs of an individual or group.