Exhibit 7-14 Cost curves

In Exhibit 7-14, constant returns to scale only exist for output levels between:

Name: Exhibit 7-14 Cost curves In Exhibit 7-14, constant returns to scale only exist for output levels between:
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Question

Exhibit 7-14 Cost curves

In Exhibit 7-14, constant returns to scale only exist for output levels between:

Quizplus · Accepted Answer

Constant returns to scale exist in the range where the long-run average cost curve is horizontal, which is between output levels of 2,000 and 3,000 in this exhibit.

Exhibit 7-14 Cost Curves