Microeconomics
21st Edition
ISBN: 9781259915727
Author: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn Dr.
Publisher: McGraw-Hill Education
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Question
Chapter 9, Problem 7DQ
To determine
Impact of economies of scale and diseconomies of scale on an average total cost .
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Students have asked these similar questions
The table shows three short-run cost schedules for three plants of different sizes that a firm might build in the long run.
Plant 1
Plant 2
Plant 3
Output
ATC
Output
ATC
Output
ATC
10
$ 10
10
$ 15
10
$ 20
20
9
20
10
20
15
30
8
30
7
30
10
40
9
40
10
40
8
50
10
50
14
50
9
What is the long-run average cost of producing 20 units of output?
Multiple Choice
$15
О
$10
○ $34
О
$9
Situation 21-1
Diane's Donuts will begin selling donuts next week. Diane figures that
the average variable cost to make each donut will be constant at $0.30.
She has already paid $20,000 for the donut-making machinery and one
year's rent.
Refer to Situation 21-1. What will Diane's total variable costs be if she sells 36,500 donuts in one year?
$10,950
O $18,450
$22,080
$12,500
7. Suppose a firm has only three possible plant-size options, represented
by the ATC curves shown in the figure. What plant size will the firm
choose in producing (a) 50, (b) 130, (c) 160, and (d) 250 units of
output? Draw the firm's long-run average-cost curve on the diagram
and describe this curve. LO9.4
ATC
0
M
150
ATC2
ATC₁
ATC3
80
240
Chapter 9 Solutions
Microeconomics
Ch. 9.2 - Prob. 1QQCh. 9.2 - Prob. 2QQCh. 9.2 - Prob. 3QQCh. 9.2 - Prob. 4QQCh. 9.5 - Prob. 1QQCh. 9.5 - Prob. 2QQCh. 9.5 - Prob. 3QQCh. 9.5 - Prob. 4QQCh. 9.8 - Prob. 1QQCh. 9.8 - Prob. 2QQ
Ch. 9.8 - Prob. 3QQCh. 9.8 - Prob. 4QQCh. 9 - Prob. 1DQCh. 9 - Prob. 2DQCh. 9 - Prob. 3DQCh. 9 - Prob. 4DQCh. 9 - Prob. 5DQCh. 9 - Prob. 6DQCh. 9 - Prob. 7DQCh. 9 - Prob. 8DQCh. 9 - Prob. 1RQCh. 9 - Which of the following are short-run and which are...Ch. 9 - Prob. 3RQCh. 9 - Indicate how each of the following would shift the...Ch. 9 - Prob. 5RQCh. 9 - Prob. 6RQCh. 9 - Prob. 1PCh. 9 - Prob. 2PCh. 9 - Prob. 3PCh. 9 - Prob. 4P
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Similar questions
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