Constant returns to scale refers to: a. a proportionate rise in one primary factor of production leading to the same proportionate rise in all other primary factors of production b. a proportionate rise in both primary factors of production leading to the same proportionate rise in output c. a proportionate rise in one of the primary factors of production leading to the same proportionate rise in output d. a proportionate rise in secondary factors of production leading to the same proportionate rise in output

1. Relation of A and T curves *3 As the level of production increases in the short-run, the Average Variable Cost (AVC) curve (increases continuously/first decreases and then increases/decreases continuously) and the Average Fixed Cost (AFC) curve (increases continuously/first decreases and then increases/decreases continuously). Increases continuously; decreases continuously.   First decreases and then increases; decreases continuously.   First decreases and then increases; increases continuously.   Decreases continuously; decreases continuously.   Increases continuously; first decreases and then increases.

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Economies of Scale or Increasing Returns Scale exist if which of the following is true? Pick all that apply. i Multiple answers: Multiple answers are accepted for this question Select one or more answers and submit. For keyboard navigation... SHOW MORE a A doubling of all inputs leads to less than double the amount of output b A doubling of all inputs leads to more than double the amount of output. C Average Costs decline as output increases. d Average Costs rise as output increases.