Figure 11-10 illustrates the long-run average cost curve for a firm that produces picture frames. The graph also includes short-run average cost curves for three firm sizes: ATCa, ATCb and ATCc.
-Refer to Figure 11-10. If the firm chooses to produce and sell 25,000 frames per month by operating in the short run with a scale operation represented by ATCc

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Figure 11-10 illustrates the long-run average cost curve for a firm that produces picture frames. The graph also includes short-run average cost curves for three firm sizes: ATCa, ATCb and ATCc.
-Refer to Figure 11-10. If the firm chooses to produce and sell 25,000 frames per month by operating in the short run with a scale operation represented by ATCc

Figure 11-10 Illustrates the Long-Run Average Cost Curve for a Firm