Question
Which equation will help us determine whether we are realizing economies of scale, constant returns to scale or diseconomies of scale: a. TFC + TVC
Which equation will help us determine whether we are realizing economies of scale, constant returns to scale or diseconomies of scale:
a.
TFC + TVC = TC.
b.
TFC/Q = AFC.
c.
TC/Q = ATC.
d.
TVC/Q = AVC.
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What Every Environmentalist Needs To Know About Capitalism
Authors: Fred Magdoff, John Bellamy Foster
1st Edition
1583672419, 9781583672419
