At what output does the firm depicted in Figure 8-6 minimize its per-unit cost of production?

A) q₁
B) q₂
C) q₃
D) an output beyond q₃

Question

At what output does the firm depicted in Figure 8-6 minimize its per-unit cost of production?A)  q 1 B)  q 2 C)  q 3 D)  an output beyond q 3

Akash Sharma · Accepted Answer

Final Answer : B, Explanation :  The firm minimizes its per-unit cost of production at the output level where the average total cost (ATC) is at its lowest point, which is typically depicted as q 2  in such diagrams.

At what output does the firm depicted in Figure 8-6 minimize its per-unit cost of production?

A) q₁
B) q₂
C) q₃
D) an output beyond q₃

Definitions

Learning Objectives

Learning Objectives

Related questions

At what output does the firm depicted in Figure 8-6 minimize its per-unit cost of production?A) q1B) q2C) q3D) an output beyond q3

Definitions

Learning Objectives

Learning Objectives

Related questions

At what output does the firm depicted in Figure 8-6 minimize its per-unit cost of production?

A) q₁
B) q₂
C) q₃
D) an output beyond q₃