Table 12-15 Consider the Following Table of Long-Run Total Cost for Four

question 46

Multiple Choice

Table 12-15
Consider the following table of long-run total cost for four different firms:

-Refer to Table 12-13.Which firm has constant returns to scale over the entire range of output?

• A) Firm 1
• B) Firm 2
• C) Firm 3
• D) Firm 4

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