Title: In the above figure, the firm experiences constant returns to scale between output levels of
Post by: JisselFlores on Mar 4, 2019
Question 1.
In the above figure, for any output level larger than Q3, this firm experiences
• economies of scale.
• constant economies of scale.
• diseconomies of scale.
• decreasing long run average costs.
Question 2.
In the above figure, the firm experiences constant returns to scale between output levels of
• zero and Q1.
• Q2 and Q3.
• Q3 and Q4.
• any level greater than Q4.
Title: In the above figure, the firm experiences constant returns to scale between output levels of
Post by: nick1116 on Mar 4, 2019
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