
-If you wanted to produce an output of 1,000 in the long run,you would choose a plant whose size was represented by
A) ATC1.
B) ATC2.
C) ATC3.
D) ATC4.
E) ATC5.
Correct Answer:
Verified
Q78: If variable cost is $15 million,fixed cost
Q79: If marginal cost is less than average
Q80: Q81: As output rises Q82: Statement I: Variable costs vary with output. Q84: In the short run,when output is zero Q85: Economies and diseconomies of scale explain Q86: Diseconomies of scale are associated with Q87: As output increases, Q88: Average total cost is always _ average![]()
A)fixed cost and average fixed
Statement
A)total
A)the distinction
A)an upward-sloping
A)ATC reaches a minimum before
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