If the firm wanted to minimize the average total cost, would it choose to be very large or very small? Explain.
A. very small because the average total cost of production rises with output.
B. very large because the marginal cost of production falls with output.
C. very small because the total cost of production rises with output.
D. very large because the average total cost of production falls with output.
E. very small because the average variable cost of production rises with output.
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If the firm wanted to minimize the average total cost, would it choose to be very large or very small? Explain. A. very small because the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » If the firm wanted to minimize the average total cost, would it choose to be very large or very small? Explain. A. very small because the average total cost of production rises with output. B.