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llilll..lES|T{Il'll.l 3 The table below contains shortrun cost date for four different plants sizes for Jackson's Jazz Instruments. Output Plant 1 Plant 2 Plant 3
llilll..lES|T{Il'll.l 3 The table below contains shortrun cost date for four different plants sizes for Jackson's Jazz Instruments. Output Plant 1 Plant 2 Plant 3 Plant 4 100 90 95 100 130 200 F0 80 90 115 300 90 I55 FD 90 400 110 80 50 7'0 500 130 95 F0 55 I500 150 125 80 I55 a] What is the best size of plant for each of the following level of output? i. 200 Plant 1: H] ii. 30D Plant 2: 65 iii. 400 Plant 3: 60 iv. 500 Plant 4: 55 b] Is Jackson's Jazz Instruments experiencing economies, cliseconomies. or constant return to scale
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