Refer to the to graph on the night Which level of output in thegraph below represents the minimum efficent scale?OA 1,000 booksB. 20.000 booksC. 40,000 books$22.0020.0018.00D. 80,000 boksWhich sire bookstore is more likely to expenencediseconomies of scale?Long -nunAverage costOA Abookstore seling 1,000 books per monthB. Abookstore seling 20,000 books per monthOC. Abookstore selling 40,000 books per month1,.000 20.000Quantity of books sold per monthOD. A bookstore selling 80.000 books per month40,00,000

Refer to the to graph on the right Which level of output in the graph below represents the minimum efficent scale? OA 1000 books B. 20,000 books C. 40,000 books D. B0,000 books $22 00 20.00 18.00 Which sire bookstore s more likely to expenence diseconomes of scale? Long-nn Average ce OA Abockstore seling 1,000 books per month OB. Abookstore seling 20,000 books per month OC. Abockstore selling 40,000 books per month 1,000 20,000 Quantry of books sold per 40,00.000 D. Abookstore seling B0000 books per month

Refer to the to graph on the right Which level of output in the graph below represents the minimum efficent scale? OA 1000 books B. 20,000 books C. 40,000 books D. B0,000 books $22 00 20.00 18.00 Which sire bookstore s more likely to expenence diseconomes of scale? Long-nn Average ce OA Abockstore seling 1,000 books per month OB. Abookstore seling 20,000 books per month OC. Abockstore selling 40,000 books per month 1,000 20,000 Quantry of books sold per 40,00.000 D. Abookstore seling B0000 books per month

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 21P

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Similar questions

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A firm had sales revenue of 1 million last year. It spent 600,000 on labor, 150,000 on capital and 200,000 on materials. What was the firms accounting profit?
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A small company that shovels sidewalks and driveways has 100 homes signed up for its services this winter. It can use various combinations of capital and labor: intensive labor with hand shovels, less labor with snow blowers, and still less labor with a pickup truck that has a snowplow on front. To summarize, the method Choices are: Method 1: 50 units of labor, 10 units of capital Method 2: 20 units of labor, 40 units of capital Method 3: 10 units of labor, 70 units of capital If hiring labor for the winter costs $100/unit and a unit of capital costs 400, what is the best production method? What method should the company use if the cost of labor rises to $20/unit?