Homework answers / question archive / This industry exhibits: Supporting Materials Figure 21

This industry exhibits: Supporting Materials Figure 21

Economics

Share With

This industry exhibits: Supporting Materials Figure 21.1 Price or Cost (dollars/bushel) MC ATC 4.90 f AVC deg 3.90! 3.100 h m k! 1.901 n 1.101 0 P 0 13 18 24 37 46 50 54 Quantity (thousands of bushels/year) Economies of scale lo o o Diseconomies of scale O Constant returns to scale O need more information