Wolfsburg Wagon (WW) is a small automaker. The accompanying table shows WWs long-run average total cost. Quantity

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Wolfsburg Wagon (WW) is a small automaker. The accompanying table shows WW’s long-run average total cost.

Quantity of cars LRATC of car 1 $30,000 2 20,000 3 15,000 4 12,000 5 12,000 6 12,000 7 14,000 8 18,000

a. For which levels of output does WW experience increasing returns to scale?

b. For which levels of output does WW experience decreasing returns to scale?

c. For which levels of output does WW experience constant returns to scale?

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Economics

ISBN: 9781319181949

5th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Nov 18, 2024 03:02 AM

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Wolfsburg Wagon (WW) is a small automaker. The accompanying table shows WWs long-run average total cost. Quantity

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Economics

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