Exhibit 6-17 Long-run average cost curve

-In Exhibit 6-17,economies of scale exist up to:

Name: Exhibit 6-17 Long-run average cost curve -In Exhibit 6-17,economies of scale exist up to:
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Question

Exhibit 6-17 Long-run average cost curve
 
-In Exhibit 6-17,economies of scale exist up to:

Quizplus · Accepted Answer

Economies of scale exist up to the point where the average cost per unit decreases as output increases, which is typically indicated by the downward-sloping portion of the average cost curve. In this context, it is up to Q₂ units of output per week.

Exhibit 6-17 Long-Run Average Cost Curve