​You Would Expect That Your Firm Is Experiencing Increasing Returns

question 27

Multiple Choice

​You would expect that your firm is experiencing increasing returns to scale if

• A)​Long run average costs increase with output
• B)Long run average costs decrease with output
• C)Long run average costs are constant with respect to output
• D)​None of the above

---

Definitions:

Limitations

Constraints or restrictions that limit the scope or functionality of something.

Downcasting

Converting a reference of a parent class to a reference of a child class, requiring explicit type-casting in languages like Java.

Method Definition

The declaration of a method within a class, outlining its code block, parameters, and return type.

Abstract Void

A term referring to a void method in an abstract class in Java, meaning the method does not return a value and must be implemented by subclasses.