Figure 12-9
The figure below depicts average total cost functions for a firm that produces automobiles.
-Refer to Figure 12-9.In the long run,the firm can operate on which of the following average total cost curves?

Question

Figure 12-9
The figure below depicts average total cost functions for a firm that produces automobiles. 
-Refer to Figure 12-9.In the long run,the firm can operate on which of the following average total cost curves?

Quizplus · Accepted Answer

In the long run, firms can adjust all inputs and can operate on any of the average total cost curves depending on the scale of production they choose.

Figure 12-9 the Figure Below Depicts Average Total Cost Functions for a for a Firm