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

Quizplus · Accepted Answer

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