Can you guess what the form of the lmc curve is

Reference no: EM131072475

Suppose you are told that a firm has a long run average total cost that is defined by the following relationship: LATC = 4+48/Q.

(a) Plot this curve for several values of Q in the range 1. . . 24.

(b) What kind of returns to scale does this firm never experience?

(d) Can you guess what the form of the LMC curve is?

Reference no: EM131072475

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