Cost 16 MC 14 12 10 8 6 4 2 ATC AVC D, MR 0 10 20 30 40 50 60 70 80 90 Output The firm's long-run supply curve begins at an output of

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Cost
16
MC
14
12
10
8
6
4
2
ATC
AVC
D, MR
0 10 20 30 40 50 60 70 80 90
Output
The firm's long-run supply curve begins at an output of
Transcribed Image Text:Cost 16 MC 14 12 10 8 6 4 2 ATC AVC D, MR 0 10 20 30 40 50 60 70 80 90 Output The firm's long-run supply curve begins at an output of
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