Below is short-run cost data for four different plant sizes.Plant 2 has exactly twice as many inputs as does Plant 1.Plant 3 has exactly three times as many inputs as does Plant 1 and Plant 4 has exactly four times as many inputs as does Plant 1.
-Refer to the information above to answer this question.Which of the following should the firm consider doing if it is currently producing an output of 40 using Plant 2?
Definitions:
U.S. Population
U.S. Population refers to the total number of people living in the United States at a given time, including both citizens and non-citizens.
Million
A numerical value representing one thousand thousands, or 1,000,000, often used as a unit of measure in demographics, finance, and other areas.
Great Recession
A global economic downturn that occurred from 2007 to 2009, sparked by the collapse of the U.S. housing market and leading to high levels of unemployment and financial instability.
Dissolving
The process of a substance becoming incorporated into a liquid to form a solution, or metaphorically, the disintegration or ending of an entity or relationship.
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