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3) You are given another firm's Total Cost functions of various plant complexes: 1 Plant: 1000 + 6600 - 75Q+3Q3 2 Plants: 1200 + 11500-66.5Q?

3) You are given another firm's Total Cost functions of various plant complexes: 1 Plant: 1000 + 6600 - 75Q+3Q3 2 Plants: 1200 + 11500-66.5Q? + 1.1Q3 3 Plants: 1400 + 1446Q - 61Q2 +0.75Q3 a) With an expected production quantity of around 30, what would be the most efficient Long- Run scale (#plants)? Why? (Probably easiest to run Q from 0-50 by 2s, and plug in the cost functions). 3) You are given another firm's Total Cost functions of various plant complexes: 1 Plant: 1000 + 6600 - 75Q+3Q3 2 Plants: 1200 + 11500-66.5Q? + 1.1Q3 3 Plants: 1400 + 1446Q - 61Q2 +0.75Q3 a) With an expected production quantity of around 30, what would be the most efficient Long- Run scale (#plants)? Why? (Probably easiest to run Q from 0-50 by 2s, and plug in the cost functions)

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