Question
In 2010, SRATC = 3.3Q 2 - 320Q + 11,000 In 2014, SRATC = 3.5Q 2 - 120Q + 3,500 In 2019, SRATC = 2.5Q
In 2010, SRATC = 3.3Q2 - 320Q + 11,000
In 2014, SRATC = 3.5Q2 - 120Q + 3,500
In 2019, SRATC = 2.5Q2 - 180Q + 5,000
Plot these three different SRATC curves (have Q go from 0 to 100 in units of 5; make the maximum on the vertical axis be 7,000), and discuss how (and possibly why) your company has changed since 2010 in terms of its size.
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Microeconomics
Authors: Roger A. Arnold
12th Edition
1285738306, 978-1285738307
