-The upward shift of the average total cost curve from ATC₁ to ATC₂ implies that:

Name: -The upward shift of the average total cost curve from ATC 1 to ATC 2 implies that:
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Question

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An upward shift of the average total cost curve suggests that for any given level of output, the costs are now higher. This typically means that the firm can produce less at each cost level, indicating that economic capacity (the output level at which average total costs are minimized) is at a lower output level.

-The Upward Shift of the Average Total Cost Curve from ATC1

-The Upward Shift of the Average Total Cost Curve from ATC₁