Solved: Economies of scale and the short run average variable cost, Econometrics

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Economies of scale and the short run average variable cost

Question 1. A firm experiences increasing returns to scale; that is, doubling all its inputs more than doubles its output. What can be inferred about the firm's short-run costs i.e. what is the connection between economies of scale and the short run average variable cost?

Question 2. Which indicator(s) will always improve when more variables are added to a regression equation?

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Econometrics: Economies of scale and the short run average variable cost

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Econometrics: Economies of scale and the short run average variable cost

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