rt 3C Suppose the long-run total cost function for the ESkooter Company is LTC = 22,600q – 300q2 + q3. (i) At what levels of output will ESkooters face economies of scale and diseconomies of scale? Explain your answer.  (ii) Illustrate ESkooter’s long-run average total cost curve on a graph and the output levels at which they face economies of scale and diseconomies of scal

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Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.