Explain How a Firm Can Have Constant Returns to Scale

question 107

Essay

Explain how a firm can have constant returns to scale in production and economies of scale in cost.

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Definitions:

Pre Increment

An operation that increases a variable's value by one before the variable is used in an expression.

String Method

A function or operation available for string objects that allow manipulation of textual data, such as concatenation, extraction, or comparison.

String Objects

Instances in programming that represent sequences of characters used to manipulate text data.

Single Quotes

Used in programming to define a character literal or to create a string literal in some programming languages.