Consider a firm that suffers diseconomies of scale. If this firm wants to produce seven times as much output, it expects
Posted: Mon Apr 25, 2022 8:07 am
Consider a firm that suffers diseconomies of scale.
If this firm wants to produce seven times as much output, it expects its total cost to be [ more than,less than,exactly ] seven times larger than the initial cost.
If this firm wants to cut the output by 30%, it expects its total cost to be [ more than, less than,exactly ]70% of the original cost.
If this firm wants to produce seven times as much output, it expects its total cost to be [ more than,less than,exactly ] seven times larger than the initial cost.
If this firm wants to cut the output by 30%, it expects its total cost to be [ more than, less than,exactly ]70% of the original cost.