Calculating kind of returns to scale

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Reference no: EM1315710

The following data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale. 

Q

LTC

1

33

2

54

3

75

4

100

5

150

6

228

7

350

 

Reference no: EM1315710

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