Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

Consider the following table of long-run average total costs for a firm. Does the firm experiences economies of scale , diseconomies of scale, constant return

Consider the following table of long-run average total costs for a firm. Does the firm experiences economies of scale , diseconomies of scale, constant return to scale or all of those?How do you know? Explain your answer.

Quantity 2 3 4 U LRATC 155 135 120 110 110

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Business A Changing World

Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell

10th edition

1259179397, 978-1259179396

More Books

Students also viewed these Economics questions

Question

★★★★★

Draw a coordinate axis and plot the points (0, 6), (3, 5), (3, 2), and (5, 0) to form a scatter diagram. Describe the pattern that the data show in this display.

Answered: 1 week ago

Question

★★★★★

Use the nutritional information about candy bars given in Table 14.7 to answer the questions in Problems 45 and 46. Table 14. 7 a. Find the three quartiles for serving size. b. Draw a box plot for...

Answered: 1 week ago

Question

★★★★★

Explain the factors that influence peoples values.

Answered: 1 week ago

Question

★★★★★

The workload in many areas of bank operations has the characteristics of a non-uniform distribution with respect to time of day. For example, at Chase Manhattan Bank in New York, the number of...

Answered: 1 week ago

Question

★★★★★

Write 8 0 8 6 . 3 million in ordinary notation

Answered: 1 week ago

Question

★★★★★

11. Another term of a deposit constituted by virtue of a court order. 2 points a.Necessary Deposit b. Voluntary Deposit c. Sequestration d. Escrow 12. A petition to be filed in order to obtain...

Answered: 1 week ago

Question

★★★★★

What is one way a professional running a lineup can make the procedure suggestible to an eyewitness? A) encouraging the witness when they identify the suspect B) remaining silent when witnesses make...

Answered: 1 week ago

Question

★★★★★

Suppose that 3000 drivers in Wakanda were randomly breath-tested on 21 April 2019 and 116 were above the limit of 0.05 blood-alcohol level. On 15 May 2019, 4000 drivers were tested and 98 were above...

Answered: 1 week ago

Question

★★★★★

Which of the following is an appropriate guideline for waste disposal? O a. Clean trash cans regularly to remove drips and crumbs that provide food for pests Ob. Do not use plastic liners in trash...

Answered: 1 week ago

Question

★★★★★

As a manager, Jason spends much of his time coaching his employees and making sure that any required information from upper management reaches them in an understandable format. Jason would best be...

Answered: 1 week ago

Question

★★★★★

14. In a quality improvement team, the project leader or facilitator would do all of the following EXCEPT provide appropriate resources for problem solutions facilitate with quality improvement and...

Answered: 1 week ago

Question

★★★★★

Question 2 Not yet answered Which of the following items decreases cash flow? 1-Decrease in long-term assets ti - Increase in merchandise inventory mi - Increase in profits Marked out of 1.00 P Flag...

Answered: 1 week ago

Question

★★★★★

9. Give an example of how the word because can trigger a cognitive reflex in another party.

Answered: 1 week ago

Question

★★★★★

7. Give an example of how the authority principle can be used to influence others.

Answered: 1 week ago

Question

★★★★★

8. Give an example of how the scarcity principle can be used to influence others.

Answered: 1 week ago

Previous Question Next Question