Figure 13-6

-Refer to Figure 13-6.What do the three average-total-cost curves on the diagram correspond to
A)three different time horizons
B)three different products
C)three different firms
D)three different factory sizes

Question

Figure 13-6
 
-Refer to Figure 13-6.What do the three average-total-cost curves on the diagram correspond to
A)three different time horizons 
B)three different products 
C)three different firms 
D)three different factory sizes

Quizplus · Accepted Answer

The three average-total-cost curves correspond to three different factory sizes, reflecting how costs change with different scales of production.

Figure 13-6 -Refer to Figure 13-6.What Do the Three Average-Total-Cost Curves on Three