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Author Question: Jones Production started business with a small scale plant. Fortunately for Smith, the owner of ... (Read 67 times)

ETearle

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Jones Production started business with a small scale plant. Fortunately for Smith, the owner of Jones Production, the business grew rapidly. The table below gives the total costs and the associated output for each year.
a. Complete the table by finding the average cost for each scale.



b.   Over what range of total product (output) did Jones Production experience economies of scale, constant returns to scale, and diseconomies of scale?


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Marked as best answer by ETearle on May 24, 2019

reelove4eva

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