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In Figure 21

Question 29

Multiple Choice

In Figure 21.4,a firm that produces over 800 units of output should choose a plant with which short-run average total cost function? In Figure 21.4,a firm that produces over 800 units of output should choose a plant with which short-run average total cost function? A) ATC<sub>1</sub> only<sub>.</sub> B) ATC<sub>2</sub> only. C) ATC<sub>3</sub> only. D) Either ATC<sub>2</sub> or ATC<sub>3</sub>.


A) ATC1 only.
B) ATC2 only.
C) ATC3 only.
D) Either ATC2 or ATC3.

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