The firm's long-run total cost is given by LTC = 5,000Q - 100Q² + Q³, and its long-run marginal cost is given by LMC = 5,000 - 200Q + 3Q². At what output level is the firm subject to diseconomies of scale? A) Q 30 B) Q 50 C) Q 245 D) Q

Question

The firm's long-run total cost is given by LTC = 5,000Q - 100Q² + Q³, and its long-run marginal cost is given by LMC = 5,000 - 200Q + 3Q². At what output level is the firm subject to diseconomies of scale? A) Q > 30 B) Q > 50 C) Q > 245 D) Q < 245

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The Answer of The firm's long-run total cost is given by LTC = 5,000Q - 100Q² + Q³, and its long-run marginal cost is given by LMC = 5,000 - 200Q + 3Q². At what output level is the firm subject to diseconomies of scale? A) Q > 30 B) Q > 50 C) Q > 245 D) Q < 245

The Firm's Long-Run Total Cost Is Given by LTC =