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What about larger quantities

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Reference no: EM131201137

A firm has long run total cost LTC: (q,w,r) w^1/2 r^1/4 Q^2

What is the long term marginal cost LMC (Q,w,r) if w=1, r=1, q=10? 

  • For Q between 0 and 10, does this firm experience increasing returns to scale? What about larger quantities?

Reference no: EM131201137

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