Exhibit 11-6 Refer to Exhibit 11-6.The short-run average total cost curve is the curve labeled:

Question

Exhibit 11-6  Refer to Exhibit 11-6.The short-run average total cost curve is the curve labeled:

Quizplus · Accepted Answer

The short-run average total cost curve is the curve that takes its minimum point at the bottom of the U-shaped curve, which is curve C in this exhibit. Curve A is the short-run average variable cost curve, while curves B and D are the short-run marginal cost and short-run average fixed cost curves, respectively.