In the short run,a firm can minimize its total costs of production by operating at the minimum of its average total cost curve.

Name: In the short run,a firm can minimize its total costs of production by operating at the minimum of its average total cost curve.
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Question

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In the short run, a firm minimizes its total costs by producing at the output level where marginal cost equals marginal revenue, not necessarily at the minimum of its average total cost curve.

In the Short Run,a Firm Can Minimize Its Total Costs