Under Free Entry and Exit, to Find the Quantity Where

question 53

Multiple Choice

Under free entry and exit, to find the quantity where ATC is minimized, the firm can:

• A) set marginal cost equal to average total cost and solve for Q.
• B) take the first-order condition of average total cost with respect to Q and solve for Q.
• C) Either A or B
• D) Neither A nor B

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Definitions:

Motor Dysfunction

Impairment or disturbance in the motor system affecting voluntary movements.

Internally

Pertaining to or situated within something, often referring to actions or processes occurring inside the body.

Externally

Pertaining to or situated on the outside of something.

Structural Scoliosis

A permanent curvature of the spine caused by congenital defects, trauma, or other diseases, differing from postural or functional scoliosis.