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Assignment 2

ECO 101, Fall 2020, Total Marks: 10, Time: 20 minutes.

Name:

ID:

Question 1: Fill in the blanks for the following table. (7 marks)

Q VC TC AFC AVC ATC MC

0 0 0 n/a n/a n/a -


1 10 10 0 10 10

2 30 30 0 15
3 60 60 0 20

4 100 100 0 25
5 150 150 0 30

6 210 210 0 35

Question 2: Briefly explain (within 40 words) why diseconomies of scale occur. (3 marks).

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