In the long-run Firm A incurs total costs of $1200 when output is 30 units and $1550 when output is 40 units. Firm A exibits A.constant returns to scale B.marginal returns to scale C.increasing returns to scale D.decreasing returns to scale.

In the long-run Firm A incurs total costs of $1200 when output is 30 units and $1550 when output is 40 units. Firm A exibits A.constant returns to scale B.marginal returns to scale C.increasing returns to scale D.decreasing returns to scale.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 15SQ

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