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Exhibit 7.5 Cost per unit q Refer to Exhibit 7.5, which shows four short-run average cost curves for different possible plant sizes. If the firm represented in the figure produce output level q, then, in the long run, it should build a plant size with an average total cost curve of_ O a. 1. O b. 2. O c. 3. O d. 4. e. either 1 or 3. 3 ان D

Exhibit 7.5 Cost per unit q Refer to Exhibit 7.5, which shows four short-run average cost curves for different possible plant sizes. If the firm represented in the figure produce output level q, then, in the long run, it should build a plant size with an average total cost curve of_ O a. 1. O b. 2. O c. 3. O d. 4. e. either 1 or 3. 3 ان D

Survey Of Economics
Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 6SQP
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Exhibit 7.5 Cost per unit q 0 q Refer to Exhibit 7.5, which shows four short-run average cost curves for different possible plant sizes. If the firm represented in the figure below wants to produce output level q, then, in the long run, it should build a plant size with an average total cost curve of_ O a. 1. O b. 2. O c. 3. O d. 4. Oe. either 1 or 3. 4
Transcribed Image Text:Exhibit 7.5 Cost per unit q 0 q Refer to Exhibit 7.5, which shows four short-run average cost curves for different possible plant sizes. If the firm represented in the figure below wants to produce output level q, then, in the long run, it should build a plant size with an average total cost curve of_ O a. 1. O b. 2. O c. 3. O d. 4. Oe. either 1 or 3. 4
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