Pls help with what you can really appreciated 3. The following table give the short-run and long-run total costs for various levels ofoutput of Consolidated National Acme, Inc.:TC,TC,3501.300400400435346546544955055605606.7.600635700735a. Which column, TC, or TC, gives short-run total cost and long-run total costs? How doyou know?b. For each level of output find short-run TFC, TVC, AFC, AVC, and MC. Show your work.Over what range of output do you see economies of scale, diseconomies of scale andConstant returns to scale? How do you know?d. Starting from producing two units, Consolidated's managers decide to doubleproduction to four units by doubling all their inputs in the long run. Would doubling allinputs to double their output be a good managerial strategy? Yes/no. How do youС.know?

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3. The following table give the short-run and long-run total costs for various levels of output of Consolidated National Acme, Inc.: TC, TC, 350 300 400 400 435 3 465 465 495 505 560 560 635 600 700 735 a. Which column, TC, or TC, gives short-run total cost and long-run total costs? How do you know? p. For each level of output find short-run TFC, TVC, AFC, AVC, and MC. Show your work. E. Over what range of output do you see economies of scale, diseconomies of scale and Constant returns to scale? How do you know? Starting from producing two units, Consolidated's managers decide to double production to four units by doubling all their inputs in the long run. Would doubling all inputs to double their output be a good managerial strategy? Yes/no. How do you know?

3. The following table give the short-run and long-run total costs for various levels of output of Consolidated National Acme, Inc.: TC, TC, 350 300 400 400 435 3 465 465 495 505 560 560 635 600 700 735 a. Which column, TC, or TC, gives short-run total cost and long-run total costs? How do you know? p. For each level of output find short-run TFC, TVC, AFC, AVC, and MC. Show your work. E. Over what range of output do you see economies of scale, diseconomies of scale and Constant returns to scale? How do you know? Starting from producing two units, Consolidated's managers decide to double production to four units by doubling all their inputs in the long run. Would doubling all inputs to double their output be a good managerial strategy? Yes/no. How do you know?

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: The Cost Of Production

Section: Chapter Questions

Problem 6PA

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