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For a firm, what does constant returns to scale refer to? Select one: a. Short-run average total cost does not change as the quantity of
For a firm, what does "constant returns to scale" refer to?
Select one:
a. Short-run average total cost does not change as the quantity of output changes.
b. Short-run average total cost changes at a constant rate as the quantity of output changes.
c. Long-run average total cost changes at a constant rate as the quantity of output changes.
d. Long-run average total cost does not change as the quantity of output changes.
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