Figure 13-9
The figure below depicts average total cost functions for a firm that produces automobiles.
-Refer to Figure 13-9. In the long run, the firm can operate on which of the following average total cost curves?

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. In the long run, the firm can operate on which of the following average total cost curves? A) ATCA B) ATCB C) ATCC D) All of the above are correct.

Figure 13-9 The figure below depicts average total cost functions for a firm that produces automobiles. -Refer to Figure 13-9. In the long run, the firm can operate on which of the following average total cost curves? A) ATC<sub>A</sub> B) ATC<sub>B</sub> C) ATC<sub>C</sub> D) All of the above are correct.

-Refer to Figure 13-9. In the long run, the firm can operate on which of the following average total cost curves?

Quizplus · Accepted Answer

In the long run, a firm can adjust all its inputs and can operate on any of the average total cost curves depending on the scale of production it chooses.

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