In the Long Run,constant Returns to Scale Necessarily Occur When

question 240

Multiple Choice

In the long run,constant returns to scale necessarily occur when the firm increases its production and the firm's

• A) total cost increases.
• B) total cost does not change.
• C) average total cost increases .
• D) average total cost does not change.
• E) production increases by more than does the firm's total cost.

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Definitions:

Anticonvulsant

A medication used to prevent or treat seizures, acting on the nervous system to reduce the occurrence or severity of convulsions.

Hallucinations

False sensory perceptions, such as hearing voices that do not really exist.

Delusions

False beliefs held by a person who refuses to accept evidence of their falseness.

Bizarre Behavior

Actions or reactions that are highly unusual or extremely unconventional, often defying social norms.