Economics for Today 9th Edition by Irvin Tucker

تمرين 18

Suppose a typical firm is producing X units of output per day. Using any other plant size, the long-run average cost would increase. The firm is operating at a point where
A) its long-run average cost curve is at a minimum.
B) its short-run average total cost curve is at a minimum.
C) Both answers a. and b. are correct.
D) Neither answer a. nor answer b. is correct.