Constant Returns to Scale Occur When a Firm's

question 26

Multiple Choice

Constant returns to scale occur when a firm's

• A)marginal costs are constant as output increases.
• B)long-run average total costs are decreasing as output increases.
• C)long-run average total costs are increasing as output increases.
• D)long-run average total costs do not vary as output increases.

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Definitions:

Ethnocentrism

The evaluation of other cultures according to preconceptions originating in the standards and customs of one's own culture.

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The condition that occurs when companies hire employees who are frequent targets of discrimination into all levels within the company.

Ingredients

are the components or materials used in the preparation of foods, medicines, or any product requiring a mixture.