Topic Threads Posts M4: Discussion Question 1 v Nov 13 - Nov 19 Must post first. Looking closely at Production and Cost: The firm's production function tells us how much output the firm will produce with given amount of inputs. Reply to the following prompts by using the company for which you currently work, a business with which you're familiar, or the dream business you want to start: Do you think it's easy for your selected business to enter this same industry? Why? Why not? Briefly explain some specific key fixed, variable, implicit, and/or opportunity costs in your selected business? You must start a thread before you can read and reply to other threads M4: Discussion Question 2 Nov 13 - Nov 19 Must post first. Economists talked largely about economies of scale at the plant or unit level. What do you see as the difference between the unit level economies of scale and the firm multiple plants, movie theaters, restaurants, etc. Is there a clear distinction between economies or dis-economies at the unit level and the firm level? Explain You must start a thread before you can read and reply to other threads