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15 September, 03:18

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

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  1. 15 September, 03:33
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    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.
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