Question
he table below provides production data at Widget factory. # of Workers # of Machines Output...
he table below provides production data at Widget factory.
|
# of Workers |
# of Machines |
Output per day |
|
2 |
4 |
100 |
|
4 |
8 |
250 |
|
6 |
12 |
400 |
|
8 |
16 |
550 |
|
10 |
20 |
650 |
|
12 |
24 |
725 |
a. Over which levels of output are there increasing returns to scale? Over which levels of output are there decreasing returns to scale? Justify your answer and provide a clear explanation.
Homework Answers
Answer #1
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