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2. Let the cost function be C= 100 + 4q+ 4q(2). Derive an expression for average cost. Derive an expression for marginal costs. Is there any range of...

2. Let the cost function be C= 100 + 4q+ 4q(2). Derive an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies? At what production level are scale economies exhausted?"

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