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Business, 30.03.2020 21:05 wrerteteT2827

8.9. A firm’s long-run total cost curve is TC(Q) 40Q 10Q2 Q3, and its long-run marginal cost curve is MC(Q) 40 20Q 3Q2. Over what range of output does the production function exhibit economies of scale, and over what range does it exhibit diseconomies of scale?

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8.9. A firm’s long-run total cost curve is TC(Q) 40Q 10Q2 Q3, and its long-run marginal cost curve i...

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