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1. Consider the following table showing the quantity of output and TC in the long run for Firm X: 4 Tk.68 Explain whether Firm X experiences IRS, CRS, DRS? Output: 1 TС:Tk. 20 3 Tk. 54 6 Tk. 80 Tk. 102 7. Tk.126 Tk. 38

1. Consider the following table showing the quantity of output and TC in the long run for Firm X: 4 Tk.68 Explain whether Firm X experiences IRS, CRS, DRS? Output: 1 TС:Tk. 20 3 Tk. 54 6 Tk. 80 Tk. 102 7. Tk.126 Tk. 38

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Consider the following table showing the quantity of output and TC in the long run for Firm X:

Output: 1            2          3           4             5             6            7

TC:    TK. 20    TK. 38   TK. 54    TK. 68    TK. 80    TK. 102    TK. 126

Explain whether Firm X experiences IRS, CRS, DRS?

1. Consider the following table showing the quantity of output and TC in the long run for Firm X: Output: 1 TC:Tk. 20 4 Tk.68 Explain whether Firm X experiences IRS, CRS, DRS? 3 Tk. 38 Tk. 54 Tk. 80 Tk. 102 Tk.126
Transcribed Image Text:1. Consider the following table showing the quantity of output and TC in the long run for Firm X: Output: 1 TC:Tk. 20 4 Tk.68 Explain whether Firm X experiences IRS, CRS, DRS? 3 Tk. 38 Tk. 54 Tk. 80 Tk. 102 Tk.126
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