Graph 13-6 This graph depicts average total cost functions for a firm that produces automobiles.Use the graph to answer the following question(s).
-Refer to Graph 13-6.Which of the curves is most likely to characterise the short-run average total cost curve of the biggest factory?
A)ATCA
B)ATCB
C)ATCC
D)ATCD

Question

Graph 13-6  This graph depicts average total cost functions for a firm that produces automobiles.Use the graph to answer the following question(s).
-Refer to Graph 13-6.Which of the curves is most likely to characterise the short-run average total cost curve of the biggest factory?
A)ATCA 
B)ATCB 
C)ATCC 
D)ATCD

Quizplus · Accepted Answer

The ATCC curve represents the lowest point for the range of output depicted on the graph, indicating that it has the lowest average total cost among the factories. This suggests that it is the most efficient firm in terms of its production processes, which is likely to be the biggest factory.

Graph 13-6 This Graph Depicts Average Total Cost Functions