You have the following information about long-run total cost for the following firms: a. Do any of

Question:

You have the following information about long-run total cost for the following firms:

a. Do any of these firms experience constant returns to scale? How do you know?
b. Do any of these firms experience diseconomics of scale? How do you know?
c. Do any of these firms experience economics of scale? How do youknow?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Question Posted: Feb 07, 2013 05:41 AM

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You have the following information about long-run total cost for the following firms: a. Do any of

Question:

Arnold's Belle's Bananas LRTC Cam's Cantaloupes LRTC Quantity Apples LRTC 140 160 180 68 98 132 170 212 258 168 288 357 240

Step by Step Answer:

a Arnolds Apples experiences constant returns to scale over it...View the full answer

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