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Author Question: A firm scaled up its operation by increasing all inputs by 100%. If the firm experienced 150% ... (Read 25 times)

Jramos095

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A firm scaled up its operation by increasing all inputs by 100%. If the firm experienced 150% increase in the output, the firm's long-run average cost exhibits:
◦ economies of scale at the current output level.
◦ a constant long-run average cost at the current output level.
◦ diseconomies of scale at the current output level.
◦ diminishing marginal returns at the current output level.


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Marked as best answer by Jramos095 on Jul 20, 2019

carojassy25

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Jramos095

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Reply 2 on: Jul 20, 2019
YES! Correct, THANKS for helping me on my review


sarah_brady415

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Reply 3 on: Yesterday
:D TYSM

 

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