Suppose a Firm Produces 50,000 Units of Output, and Determines

question 2

Multiple Choice

Suppose a firm produces 50,000 units of output, and determines that its marginal cost is $0.72 and its average total cost is $0.72. At this quantity of output, what is the slope of this firm's long run average total cost curve?

• A)Upward-sloping.
• B)Downward-sloping.
• C)Horizontal.
• D)Vertical.

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