Refer to the Graph Shown

question 36

Multiple Choice

Refer to the graph shown. A firm that produces 900 units of output using the plant size associated with SATC₂ minimizes:

• A) both long-run and short-run average total cost.
• B) long-run average total cost only.
• C) short-run average total cost only.
• D) neither long-run nor short-run average total cost.

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