-Refer to the above diagram.To produce output 0x,in the long run the firm should choose a plant of size:
A)#1
B)#4
C)#5
D)#3
E)#2

Name: -Refer to the above diagram.To produce output 0x,in the long run the firm should choose a plant of size: A)#1 B)#4 C)#5 D)#3 E)#2
Brand: Quizplus
Rating: 4.8 (28 reviews)

Question

-Refer to the above diagram.To produce output 0x,in the long run the firm should choose a plant of size:
A)#1 
B)#4 
C)#5 
D)#3 
E)#2

Quizplus · Accepted Answer

In the long run, a firm should choose the plant size that minimizes average total cost for the given output level. Plant size #2 likely represents the lowest cost for producing output 0x.

-Refer to the Above Diagram