A winery producers on bulk and economies of scale suppose a
A winery producers on bulk and economies of scale. Suppose a typical producer has fixed costs equal to $20 million and marginal costs equal to $1 per liter. Calculate their average total costs at Q=100,000; Q=500,000 and Q=1,000,000.
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a winery producers on bulk and economies of scale suppose a typical producer has fixed costs equal to 20 million and
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