12. If a firm doubles all inputs and this causes output to more than double, we can say that: A. The firm is experiencing constant returns to scale B. The firm is experiencing increasing returns to scale C. The firm is experiencing increasing marginal returns D. The firm is experiencing constant marginal returns

B. the rodu g one m Average Variable Cost C. fixed costs divided by output D. total cost divided by output v Marginal Cost QUESTION 5 20 points Save Answer Match each of the following terms and descriptions Constant returns to scale when the average cost of producing each individual unit A. declines as total output increases Diseconomies of scale average cost of producing each individual item increases as В. output increases economies of scale average cost of producing each individual unit remains C. constant as output increases Long Run Average Total Cost Curve the relationship between output and costs over the life of a D. business Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit ype here to search W 63°F Ca ) ENG 8:10 PM 10/18/2021 hp

30 i of ATC, ATC2 ATC3 -LRATC Output (Q) The diagram above shows the long-run ATC curve for a firm with: Select one: a. diseconomies of scale. b. decreasing returns to scale. С. economies of scale. d. constant returns to scale. $$