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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 96 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
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cyc028

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

T4T

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Reply 3 on: Yesterday
Excellent

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