The table below contains average cost data for four different-sized plants-1, 2, 3, and 4-which are the only four sizes possible. Plant 4 $160 140 Output Plant 1 Plant 2 Plant 3 $95 $140 120 95 70 $115 120 170 85 100 95 80 110 220 110 100 75 100 70 270 140 170 120 100 320 370 140 125 110 205 165 155 140 a. What is the economic capacity output for each of the four plants? Plant 1: Plant 2: Plant 3: Plant 4:
The table below contains average cost data for four different-sized plants-1, 2, 3, and 4-which are the only four sizes possible. Plant 4 $160 140 Output Plant 1 Plant 2 Plant 3 $95 $140 120 95 70 $115 120 170 85 100 95 80 110 220 110 100 75 100 70 270 140 170 120 100 320 370 140 125 110 205 165 155 140 a. What is the economic capacity output for each of the four plants? Plant 1: Plant 2: Plant 3: Plant 4:
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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