When a firm experiences constant returns to scale,
a. long-run average total cost is unchanged, even when output increases.
b. long-run marginal cost is greater than long-run average total cost.
c. long-run marginal cost is less than long-run average total cost.
d. the firm is likely to experience coordination problems.
a
Economics
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Which of the following factors may lead to an underestimation of the significance of unemployment when evaluating the overall unemployment rate?
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The events of September 11, 2001 had a major direct impact on the economy's GDP
a. True b. False
Economics