Average Cost (dollars) 0 SRATC SRATC2 points A and B. Quantity of Output points A and C. points B and C. Save SRATC 3 Refer to Exhibit 22-5. Economies of scale are present between points B and D. points C and D. SRATC4 SRATC LRATC D

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Average Cost (dollars)
0
SRATC
B
SRATC2
points A and B.
Quantity of Output
points A and C.
Save
points B and C.
points B and D.
SRATC 3
Refer to Exhibit 22-5. Economies of scale are present between
points C and D.
SRATC
SRATCs
4.
LRATC
D
Transcribed Image Text:Average Cost (dollars) 0 SRATC B SRATC2 points A and B. Quantity of Output points A and C. Save points B and C. points B and D. SRATC 3 Refer to Exhibit 22-5. Economies of scale are present between points C and D. SRATC SRATCs 4. LRATC D
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