The firm’s long-run total cost is given by and long-run marginal cost
QUESTION
The firm’s long-run total cost is given by and long-run marginal cost is given by LMC = 100 â 20Q + Q2. At what output level does the firm experience economies of scale?A.Q < 175B.Q < 88C.Q < 4,000D.Q < 15 ANSWER: REQUEST HELP FROM A TUTOR
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