Exhibit 7-15 Long-run average cost
If the firm represented in Exhibit 7-15 is operating with a plant whose size corresponds to short-run average total cost curve A, the level of output that would minimize its short-run average total cost is:
A. 500 units per week.
B. 1,000 units per week.
C. 1,500 units per week.
D. 2,000 units per week.
Answer: A
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