If a Firm Experiences Increasing Returns to Scale at All

question 77

Multiple Choice

If a firm experiences increasing returns to scale at all levels of output:

• A) the slope of its long-run total cost curve is everywhere negative.
• B) the slope of its short-run average cost curve is everywhere negative.
• C) the slope of its long-run average total cost curve is everywhere negative.
• D) the slope of its production function is everywhere negative.

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