Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Economies of Scale
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Transcribed Image Text:Project Questions.docx : ECO -20 x b Answered: 1. Analyze a business x ® 5-1 Quiz - ECO-201-T4482 Micro x
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Module Five Quiz
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1. Economies of Scale
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Consider the following table of long-run total costs for three different firms:
A-Z
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Quantity
4 5 6 7
1
2
3
Firm A
60
70
80
90
100
110
120
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Firm B
11
24
39
56
75
96
119
Career Success Tips
Firm C
21
34
49
66
85
106
129
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Indicate whether each firm experiences economies of scale or diseconomies of scale. (Note: If a firm experiences economies of scale in one region
and diseconomies of scale in another, make sure to select both columns.)
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