1. Give me examples of Economies of scale, diseconomies of scale and constant returns of scale
2. Notice that as output increases, average variable cost initially declines, reaches a minimum 1708 and 1952 units of output and then begins to increase. Why?Explain
3. Since marginal cost is the reciprocal of marginal product times the input price, it decreases as marginal product increases and increases when marginal product is decreasing. Why? Explain