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Ea) As an employee of the Edge Corporation {a manufacturer ofgas powered water pumps] you have been asked to determine the nature ofthcir longrun cost
Ea) As an employee of the Edge Corporation {a manufacturer ofgas powered water pumps] you have been asked to determine the nature ofthcir longrun cost structure. Below is cost data on the economic capacity output for 10 different plant sizes. Quantity of pumps ' ' ' r ' ' .' Average Total (thousands) (a) hill in the missing values in the table. [b]- Determine the range of output levels over which there exists economics and diseconomics of scale. [c] Graph the firm's average total cost curve and describe how your answer to part (b) above relates to the shape ofthis curve
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