Which of the following is true in the short run?
A) MC = ATC at the lowest point of ATC.
B) MC = AVC at the lowest point of AVC.
C) When AVC is at its minimum point, ATC is falling.
D) When ATC is at its minimum point, AVC is rising.
E) All of the above are true.
Correct Answer:
Verified
Q123: When economies of scale exist:
A) per unit
Q126: Table 6-C
A factory producing CD players
Q127: Table 6-A Q128: When there are economies of scale in Q129: If a firm experiences increasing returns to Q132: Table 6-A Q134: Table 6-B Q135: When average total cost is decreasing as Q136: Table 6-B Q178: In the short run,ATC is not always Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
