-The Figure Above Shows the Market Demand Curve and the ATC

question 39

Multiple Choice

-The figure above shows the market demand curve and the ATC curve for a firm.If all firms in the market have the same ATC curve,the efficient scale for one firm is ________ units per hour.

• A) 2,000
• B) 4,000
• C) 8,000
• D) 6,000
• E) 10,000

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Definitions:

Minimizes Cost

The process or approach aimed at reducing expenses and spending to the lowest possible level.

Central Hub

Central hub refers to a focal point or a core center where activities, processes, or networks converge, often used to optimize distribution or communication.

Travel Time

The duration required to move goods or personnel from one location to another.

Destinations

Locations or places toward which something or someone is going.