Constant Returns to Scale Exist When Long-Run Average Costs

question 131

Multiple Choice

Constant returns to scale exist when long-run average costs:

• A) increase as output is increased.
• B) decrease as output is increased.
• C) remain constant as output is increased.
• D) None of the preceding statements is correct.

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Definitions:

Stepchildren

Children of a person's spouse from a previous relationship; not biologically related but part of the family through marriage.

Stepmothers

Women who are married to one's parent after a divorce or death of the previous spouse, and who may have stepchildren from the marriage.

Stepfathers

Men who are married to someone with children from a previous relationship, assuming the role of a father figure to those children.

Role Expectations

Presumptions about how individuals should behave in a particular role or social position.