Refer to the graph shown. If the firm wishes to double output from 500 to 1,000:
A) average total costs will fall.
B) average total costs will remain the same.
C) average total costs will rise.
D) it is impossible to determine what will happen to average total costs.

Question

Refer to the graph shown. If the firm wishes to double output from 500 to 1,000: 
A) average total costs will fall. 
B) average total costs will remain the same. 
C) average total costs will rise. 
D) it is impossible to determine what will happen to average total costs.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. If the firm wishes to double output from 500 to 1,000: 
A) average total costs will fall. 
B) average total costs will remain the same. 
C) average total costs will rise. 
D) it is impossible to determine what will happen to average total costs.

Refer to the Graph Shown