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4. (10p) Jo's Foundry builds specialty, cast-iron heaters with the following long-run cost function TC = 4Q2 -2Q + 100 (2) (a) Plot Jo's ATC

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4. (10p) Jo's Foundry builds specialty, cast-iron heaters with the following long-run cost function TC = 4Q2 -2Q + 100 (2) (a) Plot Jo's ATC and MC curves for quantities 1 through 10. (b) For which quantities does Jo's foundry exhibit economies of scale? (c) For which quantities does it exhibit diseconomies of scale

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