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:

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Shared rules or guidelines within a group or society that dictate appropriate and acceptable behavior, values, and beliefs.

Sociology

The scientific study of society, including patterns of social relationships, social interaction, and culture.

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The range of skills, talents, and capacities possessed by individuals.

Social Life

Interactions and relationships among individuals in a society, including social activities and engagements.