If Constant Returns to Scale Are Present

question 23

Multiple Choice

If constant returns to scale are present,

• A)average total cost is decreasing.
• B)average total cost is increasing.
• C)the LRAC curve is horizontal.
• D)the LRAC curve is downward sloping.
• E)the LRAC curve is upward sloping.

---

Definitions:

Professor

An academic title for a senior teacher, researcher, or educator in a college or university, often specializing in a particular subject or field.

Spousal Abuse

A pattern of abusive behavior in a marriage or intimate relationship, including physical, emotional, sexual, or psychological harm.

Personal Experience

An individual's direct involvement in events or activities, which contribute to their unique perspective and knowledge.

Supervisor

An individual in a position of authority who oversees the work of others, responsible for guiding, monitoring, and evaluating their performance.