Below are some cost data pertaining to Plant 1,which has total fixed costs of $1,000.Suppose that Plant 2 is exactly twice the size of Plant 1 while using (at economic capacity) twice the amount of labour and materials,and that it produces exactly twice the output.Further,assume that the prices of these inputs do not change.
-Refer to the information above to answer this question.What comment can be made in reference to returns to scale between Plants 1 and 2?
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A legal representative who brings charges against a suspect in a court of law and tries to prove the case against them.
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Evaluations based on personal or social standards of what is important, good, or desirable.
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The process of making judgments or decisions based on comparing and contrasting various options or instances.
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The process of justifying beliefs or actions based on a set of political, economic, or cultural ideals.
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