Q₁ Ô ATC₁ Q₂ Quantity of Output ATC₂ Q₁ ATC₂

What are the advantages of scale in capitalist competition?

Could you fully explain the part (C)? And please dont miss any details.

Consider a firm that suffers diseconomies of scale.  If this firm wants to produce half as much output, it expects its total cost to be  [a. more than, b. less than, c. exactly]half the initial cost. If this firm wants to raise the output by 45%, it expects its total cost to increase by       [a. more than, b. less than, c.exactly]  45%.

Assume that the sale price of chairs is always sufficiently high that it is profitable to fulfill this 80-chair order. The firm needs to make 80 chairs to fulfill its order. Assume also that the firm is profit maximizing (& therefore cost minimizing).   What combinations of robot and worker hours must they use to minimize costs? Show your work. Use the equation that must be true for cost minimization

Hey need correct answer

Consider a kettle firm A in a perfectly competitive market. Table 1 shows the quantity produced per hour (Q) and the total cost (TC) in the short run. Quantity 0 12345C70 2 6 8 Total cost 17 30 40 55 75 100 130 165 210 Fixed cost 17 17 17 17 17 17 17 17