Homework Answers
24) Economies of scale
option(C)
25)
| Q | TFC | TVC | AFC | AVC | TC | MC |
| 0 | 25 | 0 | 25 | |||
| 1 | 25 | 7 | 25 | 7 | 32 | 7 |
| 2 | 25 | 12 | 12.5 | 6 | 37 | 5 |
| 3 | 25 | 18 | 8.333333 | 6 | 43 | 6 |
| 4 | 25 | 25 | 6.25 | 6.25 | 50 | 7 |
| 5 | 25 | 34 | 5 | 6.8 | 59 | 9 |
| 6 | 25 | 46 | 4.166667 | 7.666667 | 71 | 12 |
| 7 | 25 | 62 | 3.571429 | 8.857143 | 87 | 16 |
option(A)
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