Graph 13-6 This graph depicts average total cost functions for a firm that produces automobiles.Use the graph to answer the following question(s).
-Refer to Graph 13-6.Which curve represents the long-run average total cost?
A)ATCA
B)ATCB
C)ATCC
D)ATCD

Question

Graph 13-6  This graph depicts average total cost functions for a firm that produces automobiles.Use the graph to answer the following question(s).
-Refer to Graph 13-6.Which curve represents the long-run average total cost?
A)ATCA 
B)ATCB 
C)ATCC 
D)ATCD

Quizplus · Accepted Answer

The long-run average total cost curve (ATCD) is typically U-shaped and represents the lowest cost at which a firm can produce any given level of output when all inputs are variable.

Graph 13-6 This Graph Depicts Average Total Cost Functions