Question: PLEASE HELL ASAP A business whose only inputs are labour and capital expands its employment level in the long run from 18 to 27 workers

 PLEASE HELL ASAP A business whose only inputs are labour and

PLEASE HELL ASAP

capital expands its employment level in the long run from 18 to

A business whose only inputs are labour and capital expands its employment level in the long run from 18 to 27 workers and its capital from 6 to 9 machines. Write out dollars and cents, e.g. $1.00 or $0.10 for any monetary amounts entered as a solution below. Assuming that the daily wage of $100 and the daily upkeep (including wear and tear) per machine of $20 remain constant in the long run, identify the relevant returns to scale and the change in long-run average cost if daily output were to expand in each of the following possible ways. a. If daily output expands from 120 to 240 units then in this output range the business is experiencing increasing v returns to scale while long-run average cost is falling . At 120 units long-run average cost is $ and at 240 units it is $ b. If daily output expands from 120 to 180 units then in this output range the business is experiencing constant v returns to scale while long-run average cost is staying the same |. At 120 units long-run average cost is $ and at 180 units it is $ c. If daily output expands from 120 to 160 units then in this output range the business is experiencing | decreasing v returns to scale while long-run average cost is rising . At 120 units long-run average cost is $ and at 160 units it is $

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