Constant Returns to Scale Cause the Long-Run Average Cost Curve

question 60

Multiple Choice

Constant returns to scale cause the long-run average cost curve to be:

• A) horizontal.
• B) vertical.
• C) upward-sloping.
• D) downward-sloping.

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Definitions:

Unsafe Effects

Consequences or outcomes of a process, operation, or design that can potentially lead to harm or danger to people, systems, or the environment.

Examine On Instruction

A programming command used in PLCs to check if a particular condition or input is true (on) before executing subsequent instructions.

Output Status

The current condition or state of an output device, indicating whether it is active, inactive, or in a fault condition.

MCR Instruction

Stands for "Master Control Reset," a programmable logic controller (PLC) instruction used to control the execution of a block of logic.