The table below shows the monthly output and total monthly cost of widgets for three firms in the widget industry. Given the information in the table, can we draw any conclusions about the returns to scale in the widget industry? If so, what does the information suggest about the shape of the long-run average cost curve?
Definitions:
Prosocial Video Game
A type of video game designed to encourage players to engage in behaviors that benefit others and promote positive social interactions.
Disgust
An emotional response of revulsion or strong disapproval aroused by something unpleasant or offensive.
Sympathy
Feelings of pity or sorrow for someone else's misfortune, often leading to supportive or compassionate actions.
Belief in a Just World
The cognitive bias that assumes people get what they deserve, leading to a rationale for misfortune and suffering.
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