Figure 13-9
The figure below depicts average total cost functions for a firm that produces automobiles.
-Refer to Figure 13-9. Which of the curves is most likely to characterize the short-run average total cost curve of the smallest factory?

Question

Figure 13-9
The figure below depicts average total cost functions for a firm that produces automobiles. Figure 13-9 The figure below depicts average total cost functions for a firm that produces automobiles. -Refer to Figure 13-9. Which of the curves is most likely to characterize the short-run average total cost curve of the smallest factory? A) ATCA B) ATCB C) ATCC D) ATCD

Figure 13-9 The figure below depicts average total cost functions for a firm that produces automobiles. -Refer to Figure 13-9. Which of the curves is most likely to characterize the short-run average total cost curve of the smallest factory? A) ATC<sub>A</sub> B) ATC<sub>B</sub> C) ATC<sub>C</sub> D) ATC<sub>D</sub>

-Refer to Figure 13-9. Which of the curves is most likely to characterize the short-run average total cost curve of the smallest factory?

Quizplus · Accepted Answer

The curve ATC_A has the lowest minimum point, indicating the smallest factory with lower output levels and less efficient production processes. The other curves have higher minimum points, implying larger factories with higher output levels and more efficient production processes.

Figure 13-9 the Figure Below Depicts Average Total Cost Functions for a for a Firm