Essay
Suppose that Jump A Lot Inc.can produce 20 trampolines a day for a total cost of $2,400.If technology and input prices remain the same and total cost increase to $4,800,what must be the new quantity of output per day under conditions of:
a)constant returns to scale? ______________________
b)economies of scale? ______________________
c)diseconomies of scale ________________________
Correct Answer:
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a)40
b)mor...View Answer
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Correct Answer:
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b)mor...
View Answer
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