What plant size will firm choose in producing

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Reference no: EM1350470

Suppose a firm has only three possible plant-size options represented by the ATC curves shown in the accompanying figure. What plant size will the firm choose in producing (a) 50, (b) 130, (c) 160, and (d) 250 units of output? Draw the firm's long-run average-cost curve on the diagram and define this curve.

Reference no: EM1350470

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