The table shows three short-run cost schedules for three plants of different sizes that a firm might build in the long run. What is the long-run average cost of producing 10 units of output?
A)$10
B)$15
C)$20
D)$45

Question

The table shows three short-run cost schedules for three plants of different sizes that a firm might build in the long run.  What is the long-run average cost of producing 10 units of output?
A)$10 
B)$15 
C)$20 
D)$45

Quizplus · Accepted Answer

The Answer of The table shows three short-run cost schedules for three plants of different sizes that a firm might build in the long run.  What is the long-run average cost of producing 10 units of output?
A)$10 
B)$15 
C)$20 
D)$45

The Table Shows Three Short-Run Cost Schedules for Three Plants