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Author Question: Economies and Diseconomies of ScaleHarry runs a taco truck and can produce 110 tacos a day doing all ... (Read 91 times)

cyc028

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on: Nov 23, 2022

Question 1

The table shows the long-run total costs for a firm.

PointOutputTotal Costs
A1139​
B2148​
C3157​
D4166​
What is the minimum efficient scale for this firm?
◦ Point D
◦ Point B
◦ Point A
◦ Point C

Question 2

Economies and Diseconomies of Scale

Harry runs a taco truck and can produce 110 tacos a day doing all the work himself. If his wage is $10 a day, what is Harry's average total cost of making 110 tacos?
Hermoine and Ron agree to help their friend run the taco truck. Hermoine will take all the orders, Ron will ensure everything is stocked, and Harry will make the tacos. Each earns a wage of $10 a day. If Hermoine and Ron help Harry, they can make 275 tacos a day. What is their average total cost of making 275 tacos?
◦ $1100, $2750
◦ $0.09, $0.04
◦ $0.09, $0.11
◦ $1100, $8250
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by cyc028 on Nov 23, 2022

dude123

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Reply #1 on: Nov 23, 2022
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cyc028

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

frankwu0507

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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