Use the figure below to answer the following questions.

Figure 11.4.2
-Refer to Figure 11.4.2, which illustrates the short-run average total cost curves for four different plant sizes.Which curve represents the average total cost for the largest of the four plant sizes?
A)ATCA
B)ATCB
C)ATCC
D)ATCD
E)either ATCC or ATCD

Question

Use the figure below to answer the following questions.
  
Figure 11.4.2
-Refer to Figure 11.4.2, which illustrates the short-run average total cost curves for four different plant sizes.Which curve represents the average total cost for the largest of the four plant sizes?
A)ATCA 
B)ATCB 
C)ATCC 
D)ATCD 
E)either ATCC or ATCD

Quizplus · Accepted Answer

The largest plant size typically has the lowest average total cost at high levels of output, which is represented by the curve that is lowest at the rightmost end. ATCD is likely the curve for the largest plant size.

Use the Figure Below to Answer the Following Questions