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Question 97

Multiple Choice

-Refer to the graph above to answer this question.Can this firm produce an output of 200 at an average total cost of $40? A) Yes,and that output would be economic capacity. B) Yes,but production would be inefficient. C) No,this combination is unobtainable given present resource prices and the current state of technology. D) No,this combination would be unobtainable because production is inefficient.
-Refer to the graph above to answer this question.Can this firm produce an output of 200 at an average total cost of $40?


A) Yes,and that output would be economic capacity.
B) Yes,but production would be inefficient.
C) No,this combination is unobtainable given present resource prices and the current state of technology.
D) No,this combination would be unobtainable because production is inefficient.

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