The most likely explanation for economies of scale is

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Q: 3. A firm's total cost is TC = Q³ - 60Q² +910Q + 150, and its marginal cost is 3Q² - 1200 + 910 a.…

A: Total Cost = Q³ - 60Q² +910Q + 150,Marginal Cost = 3Q² - 1200 + 910

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Q: What areas of the diagram above represent consumer surplus if the government does not impose any…

A: Consumer Surplus: The consumer surplus is the net benefit that the consumer receives by purchasing…

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A: Dynamic inefficiency in an economy occurs when the ongoing degree of buy-in doesn't augment the…

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A: Cost of Production: Cost of production refers to the total economic cost incurred by a firm to…