Long-run economies of scale exist over the range of output for which the long-run average cost curve:

Debbie makes porcelain plates in her home and sells them to the Opus gallery. She spent $400 last month on supplies and made 50 plates. She sold the plates to the gallery at $25 per plate. The gallery sells all the plates for $40 each

For all of the 50 plates, what is Debbie's total value added? For all the 50 plates, what is the gallery's total value added?

The advantages of the M-Form of firm organization is

a. divisions can respond more easily to change b. it is easier to maintain customer relationships c. there is less coordination across the firm's divisions d. all of the above