Consider the following table of long-run total costsfor three different firms:Quantity 1 2 3 4 5 6 7Firm A $60 $70 $80 $90 $100 $110 $120Firm B 11 24 39 56 75 96 119Firm C 21 34 49 66 85 106 129Does each of these firms experience economies of scaleor diseconomies of scale?

Consider the following table of long-run total costsfor three different firms:Quantity 1 2 3 4 5 6 7Firm A $60 $70 $80 $90 $100 $110 $120Firm B 11 24 39 56 75 96 119Firm C 21 34 49 66 85 106 129Does each of these firms experience economies of scaleor diseconomies of scale?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 10PA

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Question

Consider the following table of long-run total costs
for three different firms:
Quantity 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
Does each of these firms experience economies of scale
or diseconomies of scale?

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