Use the figure to answer the following question(s) .
Figure 8-6
-At what output does the firm depicted in Figure 8-6 minimize its per-unit cost of production?

Question

Use the figure to answer the following question(s) .
Figure 8-6

-At what output does the firm depicted in Figure 8-6 minimize its per-unit cost of production?

Quizplus · Accepted Answer

The firm minimizes its per-unit cost of production at the output level where the average total cost (ATC) is at its lowest point, which is typically depicted as q₂ in such diagrams.

Use the Figure to Answer the Following Question(s)