The table below provides information on output per month and short-run costs for a firm producing outdoor wooden lounge chairs.All costs are in dollars.
TABLE 7-5
-Refer to Table 7-5.Given the information in the table about short-run costs,this firm would minimize the average total cost of production when producing
A)10 chairs.
B)15 chairs.
C)20 chairs.
D)25 chairs.
E)30 chairs.

Question

The table below provides information on output per month and short-run costs for a firm producing outdoor wooden lounge chairs.All costs are in dollars.
  TABLE 7-5
-Refer to Table 7-5.Given the information in the table about short-run costs,this firm would minimize the average total cost of production when producing
A)10 chairs. 
B)15 chairs. 
C)20 chairs. 
D)25 chairs. 
E)30 chairs.

Quizplus · Accepted Answer

The Answer of The table below provides information on output per month and short-run costs for a firm producing outdoor wooden lounge chairs.All costs are in dollars.
  TABLE 7-5
-Refer to Table 7-5.Given the information in the table about short-run costs,this firm would minimize the average total cost of production when producing
A)10 chairs. 
B)15 chairs. 
C)20 chairs. 
D)25 chairs. 
E)30 chairs.

The Table Below Provides Information on Output Per Month and Short-Run