Use the following table to answer the next question.OutputATC Plant 1ATC Plant 2ATC Plant 3ATC Plant 41,500$10$15$20$302,00081217252,50091015203,00012813183,50015611164,00018109144,50020127125,000241511105,50029191386,0003525159Plant sizes get larger as you move from Plant 1 to Plant 4. Which plant size would generate the least average total cost for the 3,000-4,000 level of output?
A. Plant 1
B. Plant 2
C. Plant 3
D. Plant 4
Answer: B
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What will be an ideal response?
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b. Society would be better off if production was lowered.
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d. Marginal benefits are less than marginal costs.
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A. International Monetary Fund. B. foreign exchange markets. C. target zone. D. SDRs.
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What will be an ideal response?