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stars_and_moon stars_and_moon
wrote...
Posts: 3218
8 years ago
If the long-run average cost drops as the firm proportionally expands it use of all its inputs, the firm has
A) constant returns to scale.
B) efficiencies of scale.
C) economies of scale.
D) diseconomies of scale.
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kingbykingby
wrote...
Top Poster
Posts: 3218
8 years ago
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wrote...
8 years ago
Incredible!
wrote...
8 years ago
I instantly knew the answer when I read the question, happy to help
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