The Figure Below Shows Short-Run Average Total Cost Curves for a Firm

question 87

Multiple Choice

The figure below shows short-run average total cost curves for a firm under four different production technologies. Assume that there are only four different technologies that the firm could use.

-Refer to the figure above.The minimum average total cost to produce a quantity between QD and QF is achieved by using technology ________.

• A) 1
• B) 2
• C) 3
• D) 4

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