(See Solution) Recall that optimal plant size if measured by minimum efficient scale (MES). Suppose that a firm incurs total costs T C(q)=F+a q+b q^2. What
Question: Recall that optimal plant size if measured by minimum efficient scale (MES). Suppose that a firm incurs total costs \(T C(q)=F+a q+b q^{2}\). What is the optimal plant size, and how does it vary with the parameters \(F\) , \(a\) and \(b\) ?
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[Steps Shown] The cost of running a university are T C(q_1, q_2)=50+3
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