Please show how to complete chart LRAC what is the process The inputs and outputs for Yogi Soft Drinks Inc. are as shown in the table below.a. If capital costs $28 per unit and labour costs $16 per unit, fill in the blanks in the table.Round your "LRAC" answers to 2 decimal places.INPUTSСapitalOutputLabourTotal CostLRAC10013762002513630019640025650014364245526006b. When are increasing returns to scale present?toc) At what output is minimum efficient scale achieved?

Long run average cost = Total Cost ÷ output

Answered: Please show how to complete chart LRAC…

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Economics

Please show how to complete chart LRAC what is the process

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Inflation and Purchasing Power Theory

In economic terms, Inflation refers to the increase in the costs of various commodities which are used in daily lifestyle like food, clothes, transport, etc. over a specific time. It may lead to a fall in the purchasing power of the people and also affects the exchange rate of the currency because of the price increase. As the purchasing power falls the unit of the currency in the economy falls. When the prices of the commodities are decreased, then the purchasing power of the consumers will rise, then it will lead to deflation and changes the currency of the base economy to that of the foreign economy which will lead to change in exchange rates.

Question

Please show how to complete chart LRAC what is the process

The inputs and outputs for Yogi Soft Drinks Inc. are as shown in the table below.
a. If capital costs $28 per unit and labour costs $16 per unit, fill in the blanks in the table.
Round your "LRAC" answers to 2 decimal places.
INPUTS
Сapital
Output
Labour
Total Cost
LRAC
100
1
3
76
200
2
5
136
300
196
400
256
500
14
364
24
552
600
6
b. When are increasing returns to scale present?
to
c) At what output is minimum efficient scale achieved?

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