A Firm Has a Total Cost Function of C(Q)= 75

question 41

Multiple Choice

A firm has a total cost function of C(Q) = 75 + 25Q^1/2.The firm experiences:

• A) economies of scale.
• B) diseconomies of scale.
• C) constant returns to scale.
• D) All of the statements associated with this question are correct.

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Definitions:

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