Question
2. Decreasing returns to scale imply that a. long-run average costs are constant. b. long-run average costs are falling. c. long-run average costs are increasing.
2. Decreasing returns to scale imply that
a. long-run average costs are constant.
b. long-run average costs are falling.
c. long-run average costs are increasing.
d. long-run average costs are negative
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
