Determine whether the following statements are TRUE or FALSE. Explain your answer using graphs or examples. c. If a firm has a constant return to scale production function, then production capacity is limitless even in the short run. d. In relation to three types of return to scale, the long-run average U-shaped cost never exists.

Ignore increasing returns to scale and select constant returns to scale as well as decreasing returns to scale.

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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.