MICROECONOMICS
MICROECONOMICS
11th Edition
ISBN: 9781266686764
Author: Colander
Publisher: MCG
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Chapter 12.1, Problem 4Q
To determine

Explain why larger production runs often cheaper than the smaller production.

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Students have asked these similar questions
Would you please tell me how the economies of scale can spread out the cost of production, so that the average cost of each product is reduced?
If b=0, what would happen to the total-cost and marginal-cost curves of C=C(Q)=aQ^3+bQ^2+cQ+d?
is it true that the marginal cost curve intersects the average variable cost curve at the break-even point?
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