If the production function is linear and homogenous (that is homogenous of the first degree) and also the prices of inputs remain constant, then the long run average cost will remain constant at all levels of output.
LAC in constant cost curve
If the production function is linear and homogenous (that is homogenous of the first degree) and also the prices of inputs remain constant, then the long run average cost will remain constant at all levels of output.
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