​If Long Run Average Costs Are Constant with Respect to Output,you

question 52

Multiple Choice

​If long run average costs are constant with respect to output,you have

• A)​Increasing returns to scale
• B)Decreasing returns to scale
• C)Constant returns to scale
• D)​None of the above

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Definitions:

Mutual Aid

A principle or practice where individuals or groups offer reciprocal help and support to each other, especially in times of crisis or need.

Model

A representation or example used as a guide for understanding, explaining, or simulating behaviors, processes, or systems.

Co-leader

A person who shares the leadership role in a group or team, providing support and assistance to the primary leader.

Negotiating

The process of discussing and arriving at a mutual agreement between parties with differing needs or views.