Exhibit 7-15 Long and Short-Run Cost of Producing Color Printers

Multiple Choice

Exhibit 7-15 Long and Short-Run cost of Producing Color Printers
-If the firm represented in Exhibit 7-15 wants to produce output level Q₄, then in the long run it should build a plant size with average total cost curve of

A) A
B) B
C) C
D) B or C
E) the question cannot be answered with the information given