HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. So HoloIMAGine’s: (w) lowest possible average total cost arises at precisely the output where profit is maximized. (x) market supply curve is the same to its marginal cost [MC] curve above point b. (y) profit-maximizing output is less than the output level which maximizes total revenue. (z) economies of scale in production drive down total variable costs like output increases.
Can anybody suggest me the proper explanation for given problem regarding Economics generally?