Solved

The Firm's Long-Run Total Cost Is Given by LTC =

Question 113

Multiple Choice

The firm's long-run total cost is given by LTC = 5,000Q - 100Q2 + Q3, and its long-run marginal cost is given by LMC = 5,000 - 200Q + 3Q2. At what output level is the firm subject to diseconomies of scale?


A) Q > 30
B) Q > 50
C) Q > 245
D) Q < 245

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q108: (Figure: Cost and Quantity of Output Per

Q109: Suppose the total cost of producing goods

Q110: A firm with a production function Q

Q111: Producing 200 units of good Y and

Q112: Suppose a firm's total cost curve is

Q114: (Figure: Cost and Quantity of Output I)

Q115: Suppose that you close down your coffee

Q116: If TC = 1,500 + 7.5Q +

Q117: A firm is producing 4 units of

Q118: Suppose that Bella's Bagels has a total