If a Firm Doubles Its Resource Inputs and as a Result

question 205

True/False

If a firm doubles its resource inputs and as a result output triples, then the long-run average cost curve must be upward-sloping.

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Definitions:

Timer Starts

The initiation of a countdown or count-up process in programming or electronic circuits, used for timing operations.

Counter Program

A software or embedded logic in PLC systems designed to count instances, events, or operations, often used for automation and control tasks.

Increments

Small increases or additions, especially used in the context of gradual adjustments in data values or programming loops.