For the production process, we can distinguish between short-run and long-run process by the calendar. True False Question Suppose that a firm is experiencing the increasing returns to scale at the...

Answer both please

Extracted text: For the production process, we can distinguish between short-run and long-run process by the calendar. True False Question Suppose that a firm is experiencing the increasing returns to scale at the current production level. This means that, if the firm add one percent more of one input, then the output will increase more than one percent. True False