Assume that a firm called Anonymous of Toronto decides to increases all of its inputs by 10 percent and as a consequence its output increases by 10 percent, then Multiple Choice Anonymous is encountering diseconomies of scale. Anonymous is encountering constant returns to scale. Anonymous is encountering economies of scale. Anonymous' long-run ATC curve will be rising.

Assume that a firm called Anonymous of Toronto decides to increases all of its inputs by 10 percent and as a consequence its output increases by 10 percent, then Multiple Choice Anonymous is encountering diseconomies of scale. Anonymous is encountering constant returns to scale. Anonymous is encountering economies of scale. Anonymous' long-run ATC curve will be rising.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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