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-What Term Describes Output Where Average Total Cost Is at a Minimum

Question 115

Multiple Choice

-What term describes output where average total cost is at a minimum? A) Excess capacity. B) Economic capacity. C) Economic profits. D) Marginal capacity.
-What term describes output where average total cost is at a minimum?


A) Excess capacity.
B) Economic capacity.
C) Economic profits.
D) Marginal capacity.

Correct Answer:

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