Table 13-10
Consider the following table of long-run total cost for four different firms

-Refer to Table 13-10.Which firm has economies of scale and then diseconomies of scale as output increases from 1 to 7?

Question

Table 13-10
Consider the following table of long-run total cost for four different firms
 
-Refer to Table 13-10.Which firm has economies of scale and then diseconomies of scale as output increases from 1 to 7?

Quizplus · Accepted Answer

Firm 1 has economies of scale as output increases from 1 to 5, and diseconomies of scale as output increases from 5 to 7.

Table 13-10 Consider the Following Table of Long-Run Total Cost for Four