edfrank6366 edfrank6366

28-12-2022
Business

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Lafourche Parish, Louisiana, is the home to three crawfish farms. Thibodeaux Crawfish Farm harvests 40,000 pounds ofcrawfish per month at a total cost of $50,000. The Mardi Gras Mud Bug Cooperative harvests 25,000 pounds of crawfishper month at a total cost of $35,000. Lafourche Farms harvests 90,000 pounds of crawfish per month at a total cost of5140000. These data suggest that there arc signiﬁcant economies of scale in crawfish production. Do you agree ordisagree with this statement? Explain your answer

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