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c… Show more A financial analyst has reported the followin

Paper help Economics c… Show more A financial analyst has reported the followin

Economics

c… Show more A financial analyst has reported the followin

c… Show more A financial analyst has reported the following information about Shangui Corporation’s cost and production structure: Year Total Cost (TC) ($10,000) Quantity Produced (Q) (Unit) 2009 20 50 2010 22 100 2011 24 120 2012 26 130 Use Ordinary Least Squares Method (OLS) to estimate the ABC Corporation’s total cost function; that is, TC = ÃŽ ² + ÃŽ ² Q ; What is ABC Co’s marginal cost? What is ABC Co’s fixed cost? Calculate scale elasticity at the mean of the data; In order to reduce unit cost would you recommend an increase or a decrease in total production? Why? • Show less

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