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Suppose that the cost of producing Q1 cars and Q2 trucks is given by the cost function C(Q1,Q2) = 10,000 + 70Q1 + 80Q2. Calculate
Suppose that the cost of producing Q1 cars and Q2 trucks is given by the cost function C(Q1,Q2) = 10,000 + 70Q1 + 80Q2. Calculate the cost of producing cars. Measure the economies of scope when Q1 = 100 and Q2= 200
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