If unit costs remain constant as the quantity of production increases and all inputs are variable, then a firm is experiencing

Name: If unit costs remain constant as the quantity of production increases and all inputs are variable, then a firm is experiencing
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Question

Quizplus · Accepted Answer

Constant returns to scale occur when doubling inputs leads to a proportional increase in output, keeping the unit cost of production constant. This means that the firm is neither experiencing economies nor diseconomies of scale.

If Unit Costs Remain Constant as the Quantity of Production