Suppose firm doubles its output in the long run

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Suppose a firm doubles its output in the long run. At the same time the average cost of production remains unchanged. We can conclude that the firm is A) exploiting the economies of scale available to it. B) facing constant returns to scale. C) facing diseconomies of scale. D) not using the available technology efficiently.

Reference no: EM131090642

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Suppose firm doubles its output in the long run : Suppose a firm doubles its output in the long run. At the same time the average cost of production remains unchanged. We can conclude that the firm is A) exploiting the economies of scale available to it. B) facing constant returns to scale. C) facin..

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