Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At what amount of output does labor change from exhibiting increasing returns to decreasing returns? Q Q2 AVC ATC TC MC 1 1 43.34 903.34

At what amount of output does labor change from exhibiting increasing returns to decreasing returns?
Q Q2 AVC ATC TC MC
1 1 43.34 903.34 903.34 40.93
2 4 41.06 450.53 901.06 36.76
3 9 39.04 299.68 899.04 33.37
4 16 37.28 224.32 897.28 30.76
5 25 35.78 179.16 895.78 28.93
6 36 34.54 149.09 894.54 27.88
7 49 33.56 127.65 893.56 27.61
8 64 32.84 111.61 892.84 28.12
9 81 32.38 99.15 892.38 29.41
10 100 32.18 89.22 892.18 31.48
11 121 32.24 81.11 892.24 34.33
12 144 32.56 74.38 892.56 37.96
13 169 33.14 68.70 893.14 42.37
14 196 33.98 63.86 893.98 47.56
15 225 35.08 59.67 895.08 53.53
16 256 36.44 56.03 896.44 60.28
17 289 38.06 52.83 898.06 67.81
18 324 39.94 50.00 899.94 76.12
19 361 42.08 47.48 902.08 85.21
20 400 44.48 45.22 904.48 95.08
21 441 47.14 43.20 907.14 105.73
22 484 50.06 41.37 910.06 117.16
23 529 53.24 39.71 913.24 129.37
24 576 56.68 38.20 916.68 142.36
25 625 60.38 36.82 920.38 156.13

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

9781266566899

Students also viewed these Economics questions