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1.) In the long run, if the firm decides to keep output at its initial level, what will it likely do? Stay on SRATC5 Shift to operate on SRATC3 Shift to operate on SRATC1 Shut down 2.) Over which range of output levels do you find diseconomies of scale? Q2 to Q4 0 to Q3 Greater than Q30 to Q5 0 to Q1 COST PER UNIT SRATC₁ SRATC 5 SRATC LRAC SRATC2 SRATC Q1 Q2 QUANTITY OF OUTPUT In the long run, if the firm decides to keep output at its initial level, what will it likely do? Stay on SRATC5 Shift to operate on SRATC3 COST PER UNIT SRATC SRATC SRATC LRAC SRATC₂ SRATC3 4 Q1 Q2 Q3 QUANTITY OF OUTPUT Q4 Q5 In the long run, if the firm decides to keep output at its initial level, what will it likely do? ○ Stay on SRATCs Shift to operate on SRATC3

1.) In the long run, if the firm decides to keep output at its initial level, what will it likely do? Stay on SRATC5 Shift to operate on SRATC3 Shift to operate on SRATC1 Shut down 2.) Over which range of output levels do you find diseconomies of scale? Q2 to Q4 0 to Q3 Greater than Q30 to Q5 0 to Q1 COST PER UNIT SRATC₁ SRATC 5 SRATC LRAC SRATC2 SRATC Q1 Q2 QUANTITY OF OUTPUT In the long run, if the firm decides to keep output at its initial level, what will it likely do? Stay on SRATC5 Shift to operate on SRATC3 COST PER UNIT SRATC SRATC SRATC LRAC SRATC₂ SRATC3 4 Q1 Q2 Q3 QUANTITY OF OUTPUT Q4 Q5 In the long run, if the firm decides to keep output at its initial level, what will it likely do? ○ Stay on SRATCs Shift to operate on SRATC3

Survey Of Economics
Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 9SQP
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1.) In the long run, if the firm decides to keep output at its initial level, what will it likely do? Stay on SRATC5 Shift to operate on SRATC3 Shift to operate on SRATC1 Shut down 2.) Over which range of output levels do you find diseconomies of scale? Q2 to Q4 0 to Q3 Greater than Q30 to Q5 0 to Q1 COST PER UNIT SRATC₁ SRATC 5 SRATC LRAC SRATC2 SRATC Q1 Q2 QUANTITY OF OUTPUT In the long run, if the firm decides to keep output at its initial level, what will it likely do? Stay on SRATC5 Shift to operate on SRATC3
Transcribed Image Text:1.) In the long run, if the firm decides to keep output at its initial level, what will it likely do? Stay on SRATC5 Shift to operate on SRATC3 Shift to operate on SRATC1 Shut down 2.) Over which range of output levels do you find diseconomies of scale? Q2 to Q4 0 to Q3 Greater than Q30 to Q5 0 to Q1 COST PER UNIT SRATC₁ SRATC 5 SRATC LRAC SRATC2 SRATC Q1 Q2 QUANTITY OF OUTPUT In the long run, if the firm decides to keep output at its initial level, what will it likely do? Stay on SRATC5 Shift to operate on SRATC3
COST PER UNIT SRATC SRATC SRATC LRAC SRATC₂ SRATC3 4 Q1 Q2 Q3 QUANTITY OF OUTPUT Q4 Q5 In the long run, if the firm decides to keep output at its initial level, what will it likely do? ○ Stay on SRATCs Shift to operate on SRATC3
Transcribed Image Text:COST PER UNIT SRATC SRATC SRATC LRAC SRATC₂ SRATC3 4 Q1 Q2 Q3 QUANTITY OF OUTPUT Q4 Q5 In the long run, if the firm decides to keep output at its initial level, what will it likely do? ○ Stay on SRATCs Shift to operate on SRATC3
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