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beigewasp862Lv1
28 Sep 2019
Explain why this false:
A particular firm has decreasing returns to scale at all levels of output. If it was divided into two smaller firms that each uses exactly half the amount of all inputs compared to the original firm (but are otherwise identical), and prices remained constant, the combined profits of the two smaller firms would be less than the profit of the original firm.
Explain why this false:
A particular firm has decreasing returns to scale at all levels of output. If it was divided into two smaller firms that each uses exactly half the amount of all inputs compared to the original firm (but are otherwise identical), and prices remained constant, the combined profits of the two smaller firms would be less than the profit of the original firm.
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watching
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Chika IlonahLv10
28 Sep 2019