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.

---

Definitions:

Gasoline Powered

Gasoline powered refers to engines or machines that operate using gasoline as a fuel, a common technology in vehicles and various types of machinery.

Ku Klux Klan

A white supremacist hate group in the United States that has targeted African Americans, Jews, immigrants, leftists, and other groups, promoting racism and violence.

Midwest

A geographical region in the United States known for its diverse landscapes, agriculture, and as the heartland of the country.

Rural South

Region in the southern United States characterized by predominantly agricultural economies and communities, often contrasted with the urban North.