If an increase in production lowers your firm's short- run average total cost, you should consider expanding current output levels.

Name: If an increase in production lowers your firm's short- run average total cost, you should consider expanding current output levels.
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Quizplus · Accepted Answer

If an increase in production lowers the average total cost, then expanding output levels would further decrease the average total cost, making it more efficient to produce more goods.

If an Increase in Production Lowers Your Firm's Short- Run