Refer to the information provided in Figure 12.1 below to answer the question(s) that follow. Figure 12.1
-Refer to Figure 12.1. This firm is currently at Point B on the ATC curve. If this firm moves toward Point A, this will make the
A) distribution of outcome more equitable.
B) economy more stable.
C) economy more efficient.
D) economy less stable.

Question

Refer to the information provided in Figure 12.1 below to answer the question(s) that follow.  Figure 12.1
-Refer to Figure 12.1. This firm is currently at Point B on the ATC curve. If this firm moves toward Point A, this will make the
A) distribution of outcome more equitable. 
B) economy more stable. 
C) economy more efficient. 
D) economy less stable.

Quizplus · Accepted Answer

Moving toward Point A on the ATC (Average Total Cost) curve implies that the firm is reducing its average total costs, which typically means it is becoming more productive or efficient in its operations. This increase in efficiency can lead to lower prices for consumers and better allocation of resources in the economy, making the economy more efficient.

Refer to the Information Provided in Figure 12