asked 121k views
2 votes
Suppose a firm doubles its output in the long run. at the same time the unit cost of production remains unchanged. we can conclude that the firm is

asked
User Adison
by
8.4k points

1 Answer

4 votes
Suppose a firm doubles its output in the long run. at the same time the unit cost of production remains unchanged. we can conclude that the firm is facing constant returns to scale.

When talking about economics, a company facing a constant return to scale is when a firm changes their resources but not their production. When this happens there is a problem within their production.
answered
User Alex Riley
by
8.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.