Plot these curves and examine the type of scale economies


Consider the long-run total cost structure for the following two firms.

368_e51693a4-b17b-4f9e-8682-afbe6e1b6f7c.png

(a) Compute the long-run ATC curve for each firm.

(b) Plot these curves and examine the type of scale economies each firm experiences at different output levels.

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Econometrics: Plot these curves and examine the type of scale economies
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