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I don't know what this curves represent, and I don't know how to answer question b 0n Production and Costs Firms are successful when they

I don't know what this curves represent, and I don't know how to answer question b

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0n Production and Costs Firms are successful when they not only meet demand, but also when they grow. Indeed, understanding the costs of growth is where managerial economics comes in handy. Dene, discuss, and illustrate the following relationships within a typical furn: a. MC, ATC, AFC, AVC i. In essence, provide a scenario, illustrate the curves and explain what the curves represent b. Additionally, show a firm experiencing economies m1 disecanomies of scale i. What do these phenomena mean

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