If the total cost of producing 10 jets is $28 million and the total cost of producing 11 jets is $30 million, this firm is experiencing
A) economies of scale in the range of 10 to 11 jets.
B) constant returns to scale in the range of 10 to 11 jets.
C) diseconomies of scale in the range of 10 to 11 jets.
D) increasing average variable costs in the range of 10 to 11 jets.
Correct Answer:
Verified
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