In at least 200+ respond to the following (please include any
references used)
Take a look at the following information and answer the question
below:
If long-run average costs are constant with respect to output,
then you have constant returns to scale.
If long-run average costs rise with output, you have decreasing
returns to scale or diseconomies of scale.
If long-run average costs fall with output, you have increasing
returns to scale or economies of scale. Every company is trying...