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
TRUE
Economics
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For the firm in the real intertemporal model with investment
A) depreciation occurs more quickly if the firm produces more output. B) depreciation takes place at a constant rate. C) depreciation can be slowed with more maintenance. D) depreciation is always 100%.
Economics
The number of people receiving Medicare coverage is expected to ________ by the year 2025
A) reach 5 million by B) stabilize C) decline by 10 percent D) grow to 74 million
Economics