Suppose that Jump A Lot Inc. can produce 18 trampolines a day for a total cost of $1.960. If technology and input prices remain the same and total cost increases to $3,920, what must be the new quantity of output per day under conditions of a) constant returns to scale (Click to select) 3 b) economies of scale (Click to select) 3 c) diseconomies of scale (Click to select) 3 The table below contains average cost data for four different-sized plants1, 2, 3, and 4which are the only four sizes possible. Output Plant 1 Plant 2 Plant 3 Plant 4 140 $165 $185 $210 $230 190 155 165 190 210 240 165 150 165 130 290 180 170 145 170 340 210 190 170 14@ 390 240 210 180 440 275 235 210 a. What is the economic capacity output for each of the four plants? Plant 1: Plant 2: Plant 3: Plant 4: b. In what plant and at what output is minimum efcient scale achieved? Output of: in . c. Which plant is the right size to produce an output of 240? (Click to select) d. Which plant is the right size to produce an output of140? (Click to select) The graph below illustrates a series of short-run average cost curves, numb plant sizes, which are the only sizes possible. 40 32 If} 0 O 16 8 0 O 80 160 240 320 400 480 560 l0 '- ' '7 O 80 160 240 320 400 480 560 Quantity of output a. What is true about output levels 80,160, 240, 320, and 400? (Click to select) 9 b. What is the right size of a plant to produce an output of 200? (Click to select) c. Between what plant sizes does the firm experience economies of scale? (Click to select) 3 shows the long-run average costs for Inmode, a manufacturer of Internet modems. Quantity per Day 1 2 3 4 Average Cost ($) 5 6 7 85 8 65 50 50 60 75 95 120 a) At what output is minimum efficient scale achieved? Output: b) With what output do diseconomies of scale begin? Output:The graph below illustrates a series of short-run average cost curves, numbered AC1 through AC4, which correspond to the only four different automobile plant sizes possible. CD 10000 8000 6000 173' 8 4000 2000 0 O 100 200 300 400 500 600 Quantity of autos per day 2000 O 100 200 300 400 500 600 Quantity of autos per day a. What can you say about returns to scale? (Click to select) 3 b. Are economies of scale present? (Click to select) 3 c. If, in this automobile plant, it takes 48 workers and 110 units of capital to produce 230 automobiles a day, how much labour and capital is involved in producing 345 automobiles a day? workers and |:| units of capital The table below shows the long-run total costs for three different firms. a. Complete the average cost columns in table below. Give your answers to the nearest whole number. Average Average Total Average Cost Cost cost Cost $ $ $ 10, 000 $ 20, 000 30, 000 40, 000 50, 000 :I :I :I :I :I :I 60, 000 b. Are these three rms experiencing economies of, diseconomies of, or constant returns to scale? Jad: (Click to select) 3 . Haz: (Click to select) Ynari: (Click to select) A v 4) The inputs and outputs for Carbon Credits Inc. are as shown in the table below: a. If capital costs $52 per unit and labour costs $9 per unit, fill in the blanks in the table. Round your "LRAC" answers to 2 decimal places. _ INPUTS __ maul2.21m.\" Tiijljl b. With what output does increasing returns come to an end? |:|