Graph 13-4
This graph depicts average total cost functions for a firm that produces automobiles. Use the graph to answer the following question(s).
-Refer to Graph 13-4. In the long run, the firm can operate on which of the following average total cost curves?

Question

Graph 13-4
  This graph depicts average total cost functions for a firm that produces automobiles. Use the graph to answer the following question(s).
-Refer to Graph 13-4. In the long run, the firm can operate on which of the following average total cost curves?

Quizplus · Accepted Answer

In the long run, firms can adjust all inputs and can operate on any of the average total cost curves depending on the scale of production and the level of output they choose.

Graph 13-4 This Graph Depicts Average Total Cost Functions for Functions