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Author Question: When a firm's long-run average cost is constant as output increases, the firm is experiencing ... (Read 48 times)

Caiter2013

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on: Jun 29, 2018
When a firm's long-run average cost is constant as output increases, the firm is experiencing constant returns to scale.
 
  Indicate whether the statement is true or false

Question 2

A proportional income tax is a tax for which the total amount paid does not increase with income.
 
  Indicate whether the statement is true or false


ndhahbi

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

FALSE


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