Constant Returns to Scale Occur When

question 14

Multiple Choice

Constant returns to scale occur when:

• A)long-run average total costs are constant as output increases
• B)marginal product of labour is falling
• C)the firm's long-run average cost curve is falling as output increases
• D)the firm's long-run average cost curve is rising as output increases

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Definitions:

Blames Loss

A situation or outcome where an individual or group is held responsible for a loss or failure.

Sensing Scale

A term not commonly recognized in standard frameworks, suggesting a method or tool for measuring perception or awareness. NO.

Oriented

Directed or aligned towards a particular goal or objective.

Myers-Briggs

A personality framework that categorizes individuals into 16 distinct types based on preferences in how they perceive the world and make decisions.