If a Firm Builds a Larger Plant and Increases Output

question 184

True/False

If a firm builds a larger plant and increases output and if its long-run average total cost does not change,the firm has constant returns to scale.

---

Definitions:

In-Flight Entertainment

Systems provided by airlines to entertain passengers during flights through movies, TV shows, music, games, and internet connectivity.

Locational Excellence

A method of achieving excellence by having a strong physical location and/or Internet presence.

Accredited Degree Programs

Educational courses that have been officially recognized and approved by relevant accreditation bodies, ensuring they meet certain standards of quality.

Customer Loyalty Program

A rewards program offered by a company to customers who frequently make purchases, designed to encourage ongoing business.