Suppose That Jump a Lot Inc

question 37

Essay

Suppose that Jump A Lot Inc.can produce 20 trampolines a day for a total cost of $2,400.If technology and input prices remain the same and total cost increase to $4,800,what must be the new quantity of output per day under conditions of:
a)constant returns to scale? ______________________
b)economies of scale? ______________________
c)diseconomies of scale ________________________

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Definitions:

Bilateral Animals

Organisms with a symmetrical body plan, dividing the body into two equal halves, characteristic of most animals.

Proboscis

An elongated appendage from the head of an animal, especially an insect, used for feeding or sensing.

Deuterostomes

A major group within the animal kingdom that includes organisms developing an anus from the first opening in the embryo, with subsequent formation of the mouth.

Protostomes

A group of animals characterized by developing the mouth before the anus during embryonic development, including mollusks and arthropods.