Refer to the graph shown. A firm that produces 900 units of output using the plant size associated with SATC₃ minimizes: A) both long-run and short-run average total cost. B) long-run average total cost only. C) short-run average total cost only. D) neither long-run nor short-run average total cost.

Question

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The Answer of Refer to the graph shown. A firm that produces 900 units of output using the plant size associated with SATC₃ minimizes: A) both long-run and short-run average total cost. B) long-run average total cost only. C) short-run average total cost only. D) neither long-run nor short-run average total cost.

Refer to the Graph Shown