Exhibit 7-15 Long and Short-Run Cost of Producing Color Printers

question 48

Multiple Choice

Exhibit 7-15 Long and Short-Run cost of Producing Color Printers
-If the firm represented in Exhibit 7-15 wants to produce output level Q₄, then in the long run it should build a plant size with average total cost curve of

• A) A
• B) B
• C) C
• D) B or C
• E) the question cannot be answered with the information given