Use the following data to answer the question. The letters A, B, and C designate three successively larger plant sizes.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Use the following data to answer the question. The letters A, B, and C designate three successively larger plant sizes.

 

Output ATC-A ATC-B ATC-C
10 $ 6 $ 13 $ 44
20 5 9 35
30 4 6 27
40 5 4 20
50 7 3 14
60 10 4 11
70 14 5 8
80 19 7 6
90 25 10 5
100 32 16 7

 

 

In the long run, the firm should use plant size "A" for

 

Multiple Choice
  •  
    all possible levels of output.
  •  
    10 to 30 units of output.
  •  
    30 to 60 units of output.
  •  
    all outputs greater than or equal to 40.
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