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wrote...
Posts: 70
2 weeks ago

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.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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Answer verified by a subject expert
wrote...
Posts: 55
2 weeks ago
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Answer 1

diseconomies of scale.

Answer 2

Q2 and Q3.
1
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