3. The following graph shows a department store's long-run average cost (LRAC) curve. The output per period is measured as total sales (for example M and N). The manager is considering a new business plan. Given the LRAC curve, which statement is NOT correct Long-run average cost M Output per period A. The store should close some business when sales reach N. B. The store should increase sales in the interval (0, M). C. The store D. The store should expand business when sales reach N. indifferent between expanding sales or not in (M, N). ? rrect Cost per unit

3. The following graph shows a department store's long-run average cost (LRAC) curve. The output per period is measured as total sales (for example M and N). The manager is considering a new business plan. Given the LRAC curve, which statement is NOT correct Long-run average cost M Output per period A. The store should close some business when sales reach N. B. The store should increase sales in the interval (0, M). C. The store D. The store should expand business when sales reach N. indifferent between expanding sales or not in (M, N). ? rrect Cost per unit

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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