Business, 17.04.2020 01:35, briansalazar17
A​ single-plant firm trying to select the rate of output consistent with an overall plant size that yields the minimum efficient scale will choose a rate of output for which
a) The long-run marginal cost curve crosses the long-run average fixed cost curve at the rate of output. b) Long-run average total cost is lowest at the rate of output. c) The short-run marginal cost curve crosses the short-run average total cost curve at that rate of output. d) Total fixed cost are minimized at that rate of output.
Answers: 1
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A​ single-plant firm trying to select the rate of output consistent with an overall plant size tha...
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