The diagram shows the average total cost curve for a purely competitive firm. At the long-run equilibrium level of output, this firm's total cost
A)is $10.
B)is $40.
C)is $400.
D)cannot be determined from the information provided.

Question

The diagram shows the average total cost curve for a purely competitive firm. At the long-run equilibrium level of output, this firm's total cost
A)is $10. 
B)is $40. 
C)is $400. 
D)cannot be determined from the information provided.

Quizplus · Accepted Answer

The Answer of  The diagram shows the average total cost curve for a purely competitive firm. At the long-run equilibrium level of output, this firm's total cost
A)is $10. 
B)is $40. 
C)is $400. 
D)cannot be determined from the information provided.

The Diagram Shows the Average Total Cost Curve for a Purely