Compute the long run average cost and marginal cost

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Reference no: EM1372262

You are given the following information on long run cost function:
TC=160Q-20Q2+1.2Q3 Go from Q=0 to Q=12
A. Compute the long run average cost and marginal cost. Plot these costs on a graph.
I need this set up in excel.
B. Describe the nature of this functions scale of economies. Over what range of output does economies of scale exist? Diseconomies of scale? Show this on the graph.

Reference no: EM1372262

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