Question

Use the following long run total cost (LTC) function to answer the question that follows,  LTC=Q^3 -...

Use the following long run total cost (LTC) function to answer the question that follows,  LTC=Q^3 - 100Q^2 + 2550Q

a. What levels of output will this firm experience economies of scale?

   i. Q<

b. What levels of output will this firm experience diseconomies of scale?

ii. Q>

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