Suppose that Jump A Lot Inc. can produce 15 trampolines a day for a total cost of
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Question:
Suppose that Jump A Lot Inc. can produce 15 trampolines a day for a total cost of $1,900. If technology and input prices remain the same and total cost increases to $3,800, what must be the new quantity of output per day under conditions of
a) Constant returns to scale
b) Economies of scale
c) Diseconomies of scale
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