What is the optimal scale of the firm

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Question

A typical silver mining company has a cost curve given by C(Q) = Q2 10,000. Quantity (Q) is measured in pounds per day and cost in dollars per pound.

What is the MC curve of the typical firm? What is its AC curve? What is the optimal scale of the firm? Illustrate these curves and label the value of the minimum of the AC curve.

Reference no: EM133629817

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