Question: Suppose a firm's cost - output elasticity ( Upper E Subscript Upper CEC ) is 0 . 6 2 0 . 6 2 . Part

Suppose a firm's cost-output elasticity
(Upper E Subscript Upper CEC)
is
0.620.62.
Part 2
If so, then this firm's cost function exhibits
economies of scale
.
Part 3
What is this firm's scale economies index(SCI)?
Part 4
The SCI for this firm is
enter your response here.
(Enter
your response rounded to two decimal
places.)

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