Constant Returns to Scale Occur When a Firm's

question 26

Multiple Choice

Constant returns to scale occur when a firm's

• A)marginal costs are constant as output increases.
• B)long-run average total costs are decreasing as output increases.
• C)long-run average total costs are increasing as output increases.
• D)long-run average total costs do not vary as output increases.

Recognize the impact of waste, especially in developed countries, on the environment.

Know the major environmental and sustainability issues recognized in the twentieth and twenty-first centuries.

Understand the potential impact of biofuels like ethanol on food supplies and the environment.

Identify and differentiate between certification programs for environmentally sustainable buildings.

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.