JAMB - Economics (2012 - No. 15)
If all factors are variable in the long run,firms will experience
decreasing returns to scale
increasing returns to scale
diminishing returns
economies of scale
คำอธิบาย
In the longrun, all production factors are variable (changes) and a firm operating in the longrun would enjoy increasing returns to scale because they will be operating at a higher level of output with lower cost.