Question: Table 7.1 contains short-run cost date for four different plants sizes for Jackson's Jazz Instruments. (5 marks)

1. What is the best size of plant for each of the following level of output?
   
   1. 200
      
      
   2. 300
      
      
   3. 400
      
      
   4. 500
      
      
      
2. Is Jackson's Jazz Instruments experiencing economies, diseconomies, or constant return to scale?

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