(Figure: Capital and Labor IV)
Where the firm is producing at point Y, graph the:
a. short-run total cost curve, showing the total cost at 10, 20, and 30 units of output.
b. long-run total cost curve, showing the total cost at 10, 20, and 30 units of output.
c. short-run ATC curve, showing the ATC at 10, 20, and 30 units of output.
d. long-run ATC curve, showing the ATC at 10, 20, and 30 units of output.

Question

(Figure: Capital and Labor IV)  
Where the firm is producing at point Y, graph the: 
a. short-run total cost curve, showing the total cost at 10, 20, and 30 units of output.
b. long-run total cost curve, showing the total cost at 10, 20, and 30 units of output.
c. short-run ATC curve, showing the ATC at 10, 20, and 30 units of output.
d. long-run ATC curve, showing the ATC at 10, 20, and 30 units of output.

Quizplus · Accepted Answer

The Answer of (Figure: Capital and Labor IV)  
Where the firm is producing at point Y, graph the: 
a. short-run total cost curve, showing the total cost at 10, 20, and 30 units of output.
b. long-run total cost curve, showing the total cost at 10, 20, and 30 units of output.
c. short-run ATC curve, showing the ATC at 10, 20, and 30 units of output.
d. long-run ATC curve, showing the ATC at 10, 20, and 30 units of output.