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Constant
________ returns to scale: the property whereby long- run average total cost stays the same as the number of output changes.
greek letter
The ________, ∆, or delta, represents the change in a variable.
Efficient scale
________: the quantity of output that minimizes average total cost.
Firm
________ cost curves don't show what decisions the ________ will make but they help determine that decision.
Production function
________: the relationship between the number of inputs used to make a good and the quantity of output of that good.
