For each short-run average total cost curve, the ________ the plant, the ________ is the output at which average total cost is at a ________.
A) larger; greater; maximum
B) larger; greater; minimum
C) larger; smaller; minimum
D) smaller; smaller; minimum

Question

Quizplus · Accepted Answer

In the short run, larger plants have higher capacity, allowing them to produce more output before reaching the minimum average total cost.

For Each Short-Run Average Total Cost Curve, the ________ the Plant