Figure
Figure shows the long-run average total cost curve for a firm that produces basketballs, along with four short-run average total cost curves. Each of the short-run average total cost curves corresponds to a different plant size. SRATC 1 corresponds to Plant size 1, SRATC 2 corresponds to Plant size 2, and so forth.
-In Figure, which plant is optimal if the firm is going to produce 500 basketballs per week?

Question

​Figure
  Figure shows the long-run average total cost curve for a firm that produces basketballs, along with four short-run average total cost curves. Each of the short-run average total cost curves corresponds to a different plant size. SRATC 1 corresponds to Plant size 1, SRATC 2 corresponds to Plant size 2, and so forth.
-In Figure, which plant is optimal if the firm is going to produce 500 basketballs per week?

Quizplus · Accepted Answer

The Answer of ​Figure
  Figure shows the long-run average total cost curve for a firm that produces basketballs, along with four short-run average total cost curves. Each of the short-run average total cost curves corresponds to a different plant size. SRATC 1 corresponds to Plant size 1, SRATC 2 corresponds to Plant size 2, and so forth.
-In Figure, which plant is optimal if the firm is going to produce 500 basketballs per week?

​Figure Figure Shows the Long-Run Average Total Cost Curve

Figure Figure Shows the Long-Run Average Total Cost Curve