-The Upward Shift of the Average Total Cost Curve from ATC₁

question 36

Multiple Choice

-The upward shift of the average total cost curve from ATC₁ to ATC₂ implies that:

• A)Economic capacity is at a higher output level.
• B)Economic capacity is at a lower output level.
• C)Economic capacity is at the same level.
• D)Economic capacity cannot be determined.

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