Question: If the slope of a long-run total cost function increases as output increases, the firm's underlying production function exhibits: (a) constant returns to scale. (b)

If the slope of a long-run total cost function increases as output increases, the firm's underlying production function exhibits:

(a) constant returns to scale. (b) decreasing returns to scale. (c) decreasing returns to a factor input. (d) increasing returns to scale.

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