If a Firm Has Increasing Returns to Scale at All

question 175

Multiple Choice

If a firm has increasing returns to scale at all levels of output, the

• A)slope of its long-run total cost curve is always negative.
• B)slopes of its short-run average cost curves are always negative.
• C)slope of its long-run average cost curve is always negative.
• D)slope of its production function is always negative.

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Definitions:

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