a. On Jackies LRAC curve, what is the average cost of producing 40, 75, and 85 rides
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b. What is Jackie€™s minimum efficient scale?
The table shows the production function of Jackie€™s Canoe Rides.
Transcribed Image Text:
Labor (workers per dayl 10 20 30 40 Canoes Output rides per day Plant 1 Plant 2 Plant 3 Plant 4 20 40 55 65 40 60 75 85 65 75 90 100 75 85 100 110 10 20 3040
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a The longrun average total cost curve is illustrated in Figure 119 as ...View the full answer
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