If a Firm Builds a Larger Plant and Increases Output

question 184

True/False

If a firm builds a larger plant and increases output and if its long-run average total cost does not change,the firm has constant returns to scale.

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Definitions:

Unison

The act of doing something at the same time as someone else or the condition of being in full agreement.

Authorities

Persons or organizations that possess legal or societal power and control, often responsible for making decisions and enforcing rules.

Crowd Crystals

A metaphorical term describing the nucleus around which larger groups form, often based on shared interests or goals.

Queue

A line or sequence of people or vehicles awaiting their turn to access services or proceed.