A. Complete the table below Quantity TC TVC AFC ATC MC AVC 1 200 2 100 3 20 4 240 5 24 6 660 160 B. Using the table indicate if the firm has i. diseconomies of scale ii. economies of scale or iii.constant returns to scale over the entire rangeof output. Explain your answer Quantity (Units of output) 1 2 3 4 5 6 7 Firm A 60 70 80 90 100 110 120 Firm B 11 24 39 56 75 96 119 Firm C 21 34 49 66 85 106 129 C.Evaluate the view that the main goal of firms will always b
A. Complete the table below Quantity TC TVC AFC ATC MC AVC 1 200 2 100 3 20 4 240 5 24 6 660 160 B. Using the table indicate if the firm has i. diseconomies of scale ii. economies of scale or iii.constant returns to scale over the entire rangeof output. Explain your answer Quantity (Units of output) 1 2 3 4 5 6 7 Firm A 60 70 80 90 100 110 120 Firm B 11 24 39 56 75 96 119 Firm C 21 34 49 66 85 106 129 C.Evaluate the view that the main goal of firms will always b
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 9SQP
Related questions
Question
A. Complete the table below
| Quantity | TC | TVC | AFC | MC | ||
| 1 | 200 | |||||
| 2 | 100 | |||||
| 3 | 20 | |||||
| 4 | 240 | |||||
| 5 | 24 | |||||
| 6 | 660 | 160 | ||||
B. Using the table indicate if the firm has i. diseconomies of scale ii. economies of scale or iii.constant returns to scale over the entire rangeof output. Explain your answer
| Quantity (Units of output) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| Firm A | 60 | 70 | 80 | 90 | 100 | 110 | 120 |
| Firm B | 11 | 24 | 39 | 56 | 75 | 96 | 119 |
| Firm C | 21 | 34 | 49 | 66 | 85 | 106 | 129 |
C.Evaluate the view that the main goal of firms will always be cost minimization.
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