If Increasing Returns to Scale Are Present,the Long-Run Average Cost

question 119

True/False

If increasing returns to scale are present,the long-run average cost increases as more output is produced.

---

Definitions:

Income Redistribution

The policy or process by which income is transferred from some individuals to others through mechanisms like taxation, social welfare programs, or other governmental actions to reduce income inequalities.

Yin

In Chinese philosophy, the dark, feminine, passive force part of the Yin-Yang dualism that represents balance in the universe and nature.

Masculine Energy

A concept often associated with qualities such as assertiveness, strength, and independence, traditionally viewed as masculine traits.

Feminine Energy

A concept in various spiritual and psychological traditions referring to qualities traditionally associated with the feminine, such as intuition, nurturing, and receptivity.