Suppose the total cost of producing a given quantity of a, Business Economics

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Suppose the total cost of producing a given quantity of a

Suppose the total cost of producing a given quantity of a good is given by: TC = X1/2 where TC is total cost and X is the quantity of the good. Given this information, determine whether production of the good is characterized by increasing returns to scale. Be sure to explain your answer carefully.

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Business Economics: Suppose the total cost of producing a given quantity of a

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