Plant sizes get larger as you move from ATC-1 to ATC-4. Output ATC-1 ATC-2 ATC-3 ATC-4 1,500 $ 10 $ 20 $ 30 15 2,000 12 17 25 2,500 9 10 15 20 3,000 3,500 4,000 4,500 12 8. 13 18 15 6 11 16 18 10 9 14 20 12 7 12 5,000 24 15 11 10 5,500 29 19 13 8 6,000 35 25 15 Which plant sıze would produce at the least cost for the 3,000-4,000 range of output?
Plant sizes get larger as you move from ATC-1 to ATC-4. Output ATC-1 ATC-2 ATC-3 ATC-4 1,500 $ 10 $ 20 $ 30 15 2,000 12 17 25 2,500 9 10 15 20 3,000 3,500 4,000 4,500 12 8. 13 18 15 6 11 16 18 10 9 14 20 12 7 12 5,000 24 15 11 10 5,500 29 19 13 8 6,000 35 25 15 Which plant sıze would produce at the least cost for the 3,000-4,000 range of output?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Plant sizes get larger as you move from ATC-1 to ATC-4.
Output
ATC-1
ATC-2
ATC-3
ATC-4
1,500
$ 10
15
$ 20
$ 30
2,000
8.
12
17
25
2,500
10
15
20
3,000
12
8.
13
18
3,500
15
6
11
16
4,000
4,500
18
10
9
14
20
12
7
12
5,000
24
15
11
10
5,500
6,000
29
19
13
8
35
25
15
Which plant sıze would produce at the least cost for the 3,000-4,000 range of output?
Multiple Choice
ATC-2
ATC 1
ATC-3
ATC-1
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