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9) Use the graph below to briefly explain economies of scale, constant returns to scale, and diseconomies of scale. Economies Constant returns Diseconomies of scale
9) Use the graph below to briefly explain economies of scale, constant returns to scale, and diseconomies of scale. Economies Constant returns Diseconomies of scale to scale of scale Average total costs Long-run ATC 92 Output (a) 10) Complete the following table and indicate which worker produces the largest marginal product AND if diminishing returns takes place. # of Total Marginal Workers Output Product 50 2 105 3 163 4 202
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