What type of economies of scale (remember there are three possible does this technology have for its entire range? Why? What is true of its average per unit cost? (Assume each unit of input x has cost one for this.) Can you graph that? What is the relationship between average costs and economies of scale?
What type of economies of scale (remember there are three possible does this technology have for its entire range? Why?…
March 18th, 2019 admin
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