If Constant Returns to Scale Apply to the Entire Range

question 50

Multiple Choice

If constant returns to scale apply to the entire range of production,then the long-run total cost curve would most likely:

• A)be a straight line from the origin.
• B)to increase at a decreasing rate initially,and then increase at an increasing rate.
• C)to increase at an increasing rate initially,and then increase at a decreasing rate.
• D)be U-shaped.

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