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The following matrices have already been defined in MATLAB:
What would be the outputs of the following MATLAB inputs:
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Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.
Average Cost Curve
A graphical representation that illustrates the cost per unit of output at different levels of production.
Long-run
A period in economics where all factors of production can be varied, and there are no fixed inputs, allowing full adjustment to changes.
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