SOLUTION: please help me Given the following table for a cost firm’s output and total: Output Total cost 1 $40 2 $70 3 $96 4 $120 5 $140 6 $150 Does the ab

Question 1173342: please help me

Given the following table for a cost firm’s output and total:
Output Total cost
1 $40
2 $70
3 $96
4 $120
5 $140
6 $150
Does the above firm experiences economies of scale, constant returns to scale or diseconomies of scale? Justify your answer.

thanks

Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
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