If a firm experiences constant returns to the variable input in the short run:

a) marginal cost will be greater than average variable cost, but the two will become more equal as output increases.
b) marginal cost will be less than average variable cost, but the two will become more equal as output increases.
c) marginal cost will be greater than average variable cost, and the difference between the two will become larger as output increases.
d) marginal cost and average variable cost will be equal over the range of output in question.

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position