Business
Business, 27.07.2021 21:30, DaylaReevaFEEVA2757

A company faces the following costs at the respective production levels in addition to its fixed costs of $50,000: Quantity Marginal Cost Sale Price Marginal Return
1 $10,000 $20,000 $10,000
2 $11,000 $20,000 $9,000
3 $12,000 $20,000 $8,000
4 $13,000 $20,000 $7,000
5 $14,000 $20,000 $6,000
How would you describe the returns to scale for this company?
a. Increasing
b. Decreasing
c. Constant
d. Marginal

answer
Answers: 3

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A company faces the following costs at the respective production levels in addition to its fixed cos...

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