In Technical Problem 6, economies of scale exist over the range of output_______ to _______units. Diseconomies of scale exist over the range of output_______ to_______units.

Data From Problem 6

The accompanying graph shows five points on a firm?s expansion path when the price of labor is $25 per unit and the price of capital is $100 per unit. From this graph, fill in the blanks in the following table:

Transcribed Image Text:

Labor (4) K LTC LẠC LMC 10 20 30 40 50