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:

Early Bloomer

A person, particularly a child, who reaches developmental milestones earlier than the average for their age, particularly in terms of physical or intellectual growth.

Late Bloomer

An individual, often a child or adolescent, who develops skills, abilities, or matures later than their peers, but eventually reaches or surpasses expectations.

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Sensorimotor

A stage in Jean Piaget's theory of cognitive development, where infants learn about the world through their senses and motor activities.