Solution-Determine range of outputs over firms technology

Determine range of outputs over firms technology

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Reference no: EM13188673

The following data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.

Q LTC
1 33
2 54
3 75
4 100
5 150
6 228
7 350

Reference no: EM13188673

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Determine range of outputs over firms technology

Reference no: EM13188673

Reference no: EM13188673

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