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

question 133

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 Q₂, then in the long run it should build a plant size with average total cost curve of

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