
-If you wanted to produce an output of 3,000,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
Q93: Q94: The reason that total cost rises with Q95: Which is the most accurate statement? Q96: In the short-run,when output is zero, Q97: When output is 1, Q99: Economies of scale include each of the Q100: Statement I: In the short run,when output Q101: If ATC is rising,MC Q102: Statement I: At an output of 0,variable Q103: ![]()
A)There is
A)fixed cost
A)marginal cost equals variable
A)must be below ATC.
B)may![]()
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