You would expect that your firm is experiencing increasing returns to scale if Long run average costs increase with output Long run average costs decrease with output Long run average costs are constant with respect to output Long run fixed costs exhibit increasing returns None of the other answer choices is correct.
You would expect that your firm is experiencing increasing returns to scale if Long run average costs increase with output Long run average costs decrease with output Long run average costs are constant with respect to output Long run fixed costs exhibit increasing returns None of the other answer choices is correct.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 9SQP
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