What are the fixed costs of production, Microeconomics

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What are the fixed costs of production

Problem

The cost curves for J&M Enterprises have been estimated to be LRAC = 30-10Q + Q² and LRMC = 30-20Q+3Q³ where Q is measured in thousands. What are the fixed costs of production? What is LRAC at MES? What kind of Economies of Scale does J&M face?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What are the fixed costs of production

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