please answer Consider the following table:Quantity01234567891000006 or 71 or 2TC TFC TVC207 or 88 or 9536329ATC AFC AVC MC86.5252At what level of output does the firm going from economies of scale to diseconomies of scale?31520

Economies of scale exist when average cost curve decreases as output increases Diseconomies of scale…

Consider the following table: Quantity 0 1 2 3 4 5 6 7 8 9 0 10 TC TFC TVC ATC 20 6 or 7 1 or 2 7 or 8 8 or 9 53 63 29 AFC AVC MC 8 6.5 25 2 3 15 20 At what level of output does the firm going from economies of scale to diseconomies of scale?

Consider the following table: Quantity 0 1 2 3 4 5 6 7 8 9 0 10 TC TFC TVC ATC 20 6 or 7 1 or 2 7 or 8 8 or 9 53 63 29 AFC AVC MC 8 6.5 25 2 3 15 20 At what level of output does the firm going from economies of scale to diseconomies of scale?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 10PA

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Concept explainers

Isocost and Isoprofit Curve Analysis

An isocost curve in the production theory that is a crucial part of economics depicts different combinations of factor inputs at a given market cost. In other words, this shows all the combinations of production factors that cost the same for the firm to employ. Usually, this can be depicted as a downward sloping straight line when the firms act as the price-takers in the factor markets. The slope of this mainly depicts the relative prices of different production factors.

Question

please answer

Consider the following table:
Quantity
0
1
2
3
4
5
6
7
8
9
10
0000
6 or 7
1 or 2
TC TFC TVC
20
7 or 8
8 or 9
53
63
29
ATC AFC AVC MC
8
6.5
25
2
At what level of output does the firm going from economies of scale to diseconomies of scale?
3
15
20

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