Table 7-5
Stereos produced
0
1
2
3
4
5
6
Total cost (in $)
200
325
410
475
550
660
825
Table 7-5 shows short-run total cost figures for a stereo manufacturer. At what output level does short-run average total cost reach a minimum?
A. 2
B. 3
C. 4
D. 5
Answer: D
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