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A firm's long-run total cost function is given by LTC = 115,000Q - 500Q2 + Q3, where long-run marginal cost is given by LMC = 115,000 - 1,000Q + 3Q2. At what range of output does this firm have economies of scale?
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A condition characterized by the narrowing or blockage of the coronary arteries, leading to a reduced blood flow to the heart muscle.
Diabetes Mellitus
A group of diseases characterized by high blood glucose levels over a prolonged period due to insulin production, action, or both.
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A measure of body fat based on an individual's weight in relation to their height, used as an indicator of obesity or underweight.
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Having a body weight higher than what is considered normal or healthy for a certain height, but less severe than obesity.
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