If a firm has increasing returns to scale at all levels of output, the
A) slope of its long-run total cost curve is always negative.
B) slopes of its short-run average cost curves are always negative.
C) slope of its long-run average cost curve is always negative.
D) slope of its production function is always negative.
Correct Answer:
Verified
Q111: If doubling the quantity of inputs more
Q208: Constant returns to scale for a firm
Q210: When economies of scale are present,
A)costs per
Q211: If economies of scale exist for a
Q212: If in some range of production, average
Q214: Economies of scale is another term for
A)increasing
Q215: If a single large firm is able
Q216: The long-run average cost curve
A)is a composite
Q217: Table 7-6 Q218: A firm's production process shows constant returns
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