Figure 13-5
-Refer to Figure 13-5. Which curve is most likely to represent average total cost?
A)A
B)B
C)C

Name: Figure 13-5 -Refer to Figure 13-5. Which curve is most likely to represent average total cost? A)A B)B C)C
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Question

Figure 13-5 
-Refer to Figure 13-5. Which curve is most likely to represent average total cost?
A)A 
B)B 
C)C

Quizplus · Accepted Answer

The curve representing average total cost should start high and then decrease towards lower levels of output, indicating economies of scale. Curve C fits this description the best.

Figure 13-5 -Refer to Figure 13-5. Which Curve Is Most Likely to Most